posted on November 5, 2000 04:36:04 PM new
Ebay execs are selling their shares...Have they lost faith in their own company???
WASHINGTON, Nov 3 (Reuters) - Margaret Whitman, chief executive of Internet auction site eBay Inc. (EBAY), plans to sell $33.4 million in company stock, according to a regulatory filing on Friday.
It is part of a routine quarterly selling programme that Whitman and other executives at eBay can participate in, a company spokesman said.
Whitman filed to sell 600,000 common shares in the San Jose, Calif.-based firm, according to a filing with the Securities and Exchange Commission.
The SEC document, which was submitted on Oct. 24, showed that she acquired the shares after exercising options.
Two additional filings showed that eBay's chief operation officer, Brian Swette, plans to sell 180,000 shares valued at $10 million and corporate secretary Mike Jacobson intends to sell 70,000 shares for $3.9 million.
posted on November 5, 2000 04:51:31 PM new
We are not supposed to quote entire articles in our posts at AW, due to the TOS & copyright, although I suspect that this article will remain.
If you are actually interested in the discussion we've had about this, please look for the messagethread entitled something like, "MEG WHITMAN RECEIVES 34 MILLION" - It's a few days back.
