How's this gonna be received? Any one wanna' take a guess?
(REUTERS) Oracle insiders file to sell over $112 mln in stock
Oracle insiders file to sell over $112 mln in stock
WASHINGTON, Jan 4 (Reuters) - Senior executives at Oracle
Corp. <ORCL.O> plan to sell more than $112 million worth of
stock in the world's biggest database software maker,
Securities and Exchange Commission filings showed.
There was no immediate comment from Oracle, which is
headquartered in Redwood City, Calif.
President and Chief Operating Officer Raymond Lane filed to
sell 618,750 common shares worth about $59.4 million, while
Chief Financial Officer Jeffrey Henley plans to sell 300,000
shares valued at more than $28.9 million.
Lane has been president and COO since July 1996 and Henley
has been CFO and an executive vice president since March 1991.
Both men are in their 50s.
Others who plan to sell shares include executive VPs Pier
Carlo Falotti (175,000 shares worth about $17 million) and Gary
Bloom (50,000 shares for more than $4.8 million).
In addition, Daniel Cooperman, Oracle's general counsel and
senior vice president, filed to sell 22,370 shares for more
than $2.1 million.
Oracle shares were down 4 at 114-1/8 in active early
afternoon Nasdaq trade.
((Peter Ramjug, 202-898-8399))
REUTERS
*** end of story ***
|
