[geekerati]

RECORDS OF insider trading for Google (tick: GOOG) show that CEO Eric Schmidt made over thirty sales of his stock options on the 26th of January.

As a demonstration of how strong the shares have been, the smallest transaction was a sale of 48 shares at $426.16 apiece, netting Mr Schmidt $20,455.

Under US regulations, insiders at a company are obliged to notify the Securities and Exchange Commission (SEC) when trades are made.

The largest sale of his options was for 6,790. At a price of $434.61, this resulted in a windfall of $2,951,015.

In total, Mr Schmidt netted well over $15 million. This figure is dwarfed by sales made by Lawrence Page on the 20th of January. Mr Page made two sales of 43,795 and 51,727 shares which yielded $18,052,632 and $22,166,198 respectively.

The price of Google shares fell by $30.88 to $401.78 yesterday. The price recovered as investors realised that things weren't as bad as they first thought

Source