Sale of 500,000 shares is 2.5x the largest number in 1996-7, and 4.4x the 114,555 share average. And = to 22% of Case's total holdings of shares and exercisable options. Not "normal diversification".
STEVEN CASE: MAJOR FORM 4 SALES 1996-1997*
SHARES DATE(S) PRICE SHS OWNED* 100,000 12/01/97-12/03/97 77.00-78.00 638,409 150,000 09/16/97-09/19/97 74.00-76.06 486,609 6,000 06/13/97 58.13-58.88 4,086 100,000 06/11/97 59.13 486,609 100,000 05/12/97 50.35 509,109 100,000 03/05/97-03/06/97 42.25-42.88 437,109 75,000 06/03/96 55.00 186,556 200,000 05/21/96 53.01 186,556 100,000 03/15/96 54.23 186,556 100,000 02/09/96 50.50-50.77 186,556
EX unexercised options EX 25,000 @ $0 05/14/97-08/05/97 |