Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 197.99

+0.3%

Dec 26 9:30 AM EST

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To: Hardly B. Solipsist who wrote (15230)	1/26/2001 7:26:09 AM
From: Bipin Prasad	Read Replies (1) of 19080

Oracle: Chmn To Exercise Options Before End Of Summer Dow Jones Newswires WASHINGTON -- Oracle Corp. (ORCL) Chairman and Chief Executive Lawrence Ellison's registration of 5 million company shares is the beginning of a series of stock option-related sales to occur before the end of the summer, Jennifer Glass, Oracle vice president of corporate public relations, told Federal Filings Business News Thursday. As reported, a Form 144 released earlier Thursday by the Securities and Exchange Commission showed that Ellison intended to sell 5 million common shares of the company on approximately Jan. 22. Glass couldn't confirm the sale of the 5 million shares but did say that their sale was option-related. According to Glass, Ellison has stock options in the company that are set to expire at the end of this summer. She didn't know how many options the chairman had to exercise but said he'll be making more registrations with the SEC in the coming months to exercise all of them before the end of the summer. Glass said that, as of December, Ellison owned about 690 million company shares, or a 24.2% stake in Oracle. - Brian Callaghan, Dow Jones Newswires/Federal Filings Business News; 202-628-8903

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