Glenn, here's another good move. Don't you wish you could make the millions these Amzn types make, even though they've blown off $138 mil in just their last fiscal year?
Regardless of what you think of Kis, he's dead right on this option for nothing topic.
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WASHINGTON, Aug 17 (Reuters) - Amazon.com Inc.'s <AMZN.O> vice president for product development plans to sell 60,000 common shares in the world's largest Internet bookseller, according to a Securities and Exchange Commission filing.
John Risher filed Aug. 10 to sell the shares worth an estimated $5.02 million.
Risher, who received $105,168 in salary last year and earned a $50,000 bonus from Amazon.com, acquired the 60,000 shares after exercising a stock option.
In addition, Simon Murdoch, general manager of the company's U.K. division, amazon.co.uk, filed to sell 17,080 shares he received after the division was acquired by the Seattle-based company.
Murdoch filed on Aug. 12 to sell shares worth an estimated $1.61 million. He has already sold 17,000 shares on Aug. 5 for $1.64 million, his filing said.
A spokesman for the company declined to comment on why the two executives planned to sell the stock.
Shares of Amazon.com closed up 10-15/16 to 109-1/4 on Nasdaq. <<
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