Cisco CFO plans to sell $6.4 mln in stock
WASHINGTON, Aug 20 (Reuters) - Cisco Systems Inc. <CSCO.O>
Chief Financial Officer Larry Carter plans to sell $6.4 million
in common stock, according to a Securities and Exchange
Commission filing.
Carter, who has been with the San Jose, Calif.-based
company since 1995, filed on Aug. 16 to sell 100,000 shares he
received from exercising options, valued at an estimated $6.4
million.
The CFO already sold 142,200 shares on Aug. 13, valued at
an estimated $8.97 million, the filing said.
Cisco Systems, the world's leader in networking solutions
for the Internet, had $1.452 billion in net income during the
nine-month period ending May 1.
Carter earned $326,439 in salary last year, plus a $555,152
bonus, according to the company's proxy.
Additionally, Carl Redfield, the company's vice president
for manufacturing, plans to sell 25,000 shares valued at an
estimated $1.59 million, according to his filing with the SEC.
Redfield sold 50,000 shares on Aug. 13 valued at an
estimated $3.15 million, the filing said.
A spokeswoman for Cisco Systems was not immediately
available for comment.
Cisco Systems shares were up 7/8 to 63-1/8 in afternoon
trading on Nasdaq. |
