November 20, 2000
Dow Jones Newswires
IBM's Gerstner Files To Sell Another 200,000 Shares
Dow Jones Newswires
WASHINGTON -- International Business Machines Corp. (IBM) Chairman and Chief Executive Louis Gerstner Jr. filed to sell 200,000 more common shares of the company, according to a Form 144 released Monday by the Securities and Exchange Commission.
Gerstner listed Nov. 15 as the approximate sale date for the shares, valued at about $20 million, according to the filing.
Rob Wilson, vice president of media relations for IBM, told Federal Filings Business News Friday that Gerstner sold 498,100 shares Nov. 14 and 201,900 shares Nov. 15. The sales were all option-related, Wilson said.
A Form 144 released by the SEC on Friday showed Gerstner registered 500,000 shares with an approximate sale date of Nov. 14.
-Brian Callaghan, Dow Jones Newswires/Federal Filings
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