Handspring CFO, 2 VPs To Sell 400,000 Shares (HAND)
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Handspring CFO, 2 VPs To Sell 400,000 Shares (HAND)
(NewsTraders.com)--A trio of executives at Handspring (HAND), including Chief Financial Officer Bernard Whitney, combined to register for sale 400,000 shares of the handheld computer maker, according to regulatory paperwork.
Whitney reported plans to cash in 100,000 Handspring shares, worth an estimated $4.4 million, while Michael Gallucci, vice president of manufacturing at the company, also planned to sell 100,000 shares.
Meanwhile, Ed Colligan, a senior vice president at Handspring, disclosed his intent to dispose of 200,000 shares, valued at approximately $9.0 million.
All three individuals planned to sell the shares on Jan. 23, using Credit Suisse First Boston as broker, according to Form 144 filings released today by the SEC.
There are currently 126.8 million common shares of Handspring outstanding, the documentation said.
In recent trading, shares of Handspring rose $1.88 to $44.25.
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. |
