Glenn, I don't know...but I do know this...another insider skims another $5.8mil off the table.
>May 11, 2000 11:24
Amazon.com Insider Spiegel Registers 100,000 Shares For Sale (AMZN)
(NewsTraders.com)-- Amazon.com (AMZN) insider Joel Spiegel has registered for sale 100,000 common shares of the e-tailing heavyweight, according to a Form 144 filing released by the SEC after market close on May 10.
Spiegel, who is listed in the filing as an "affiliate" of Amazon, planned to sell the shares on May 1 for an estimated $5.8 million payday.
He intended to use the brokerage services of Morgan Stanley & Co. to handle the transactions.
Amazon, based in Seattle, has 349.5 million common shares outstanding.
Spiegel isn't listed in the company's most recent proxy, however, in a previous proxy filed in April 1999, he is called a vice president and general manager.
Of note, a Form 144 only shows a filer's intent to sell the shares. Actual verification of the sales, if and when they occur, would be provided in a subsequent filing.
Amazon shares recently moved ahead by $1.38 to $54.69.
Copyright 2000 NewsTraders Inc. All Rights Reserved 11:27 Thursday, May 11, 2000 |
