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geekerati
Google elgooG
Joined: 17 Jan 2005
Location: Deep in the heart.
21217.12 GC$
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 Posted: Thu Feb 02, 2006 7:31 am Post subject: Page and Schimdt sale shares |
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| Quote: | 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 $401.78 yesterday. The price recovered as investors realised that things weren't as bad as they first thought |
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cvrk3
Google Guru
Joined: 05 Jul 2004
Location: India
16443.40 GC$
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| Posted: Thu Feb 02, 2006 9:15 am Post subject: |
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GK,
Check up the purchases of these people, if found. In case of block purchases, they are bound to inform SEC. |
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