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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 99.88-0.8%Feb 3 3:59 PM EST
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To: Pat Hughes who wrote (5335)11/3/1999 7:25:00 PM
From: Srexley  Read Replies (1) of 6846
 
Read the whole story (below). The headline is scarier than the story. He's selling about 5% of his exercisable options. Can't a guy make some money? AFter that he has another 3.6mm unexrecisable options. I am sure we will see him sell some occasionally. Probably bought a new villa or something. I don't know where the stock was when you bought it, so it may be a dog for you, but I think it will be a great investment over the next year or so.

<Wednesday November 3, 5:28 pm Eastern Time

Qwest CEO files to sell $3.65 mln in stock

WASHINGTON, Nov 3 (Reuters) - Joseph Nacchio, chairman
and chief executive of Qwest Communications International Inc.(NasdaqNM:QWST - news), filed to sell about $3.65 million in stock, according to a recent Securities and Exchange Commission filing.

Nacchio filed on Oct. 29 to sell 100,000 shares out of three million shares he received as part of an option grant in 1997, the filing said.

Last year Nacchio received $630,000 in salary and $567,128 in bonus from the No. 4 U.S. long-distance phone company, according to the company's proxy. He holds about 1.8 million
exercisable options and another 3.6 million in unexercisable options.>
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