DJN: DJ Siebel Systems Hldrs File To Sell Total Of 630,000 Shares
WASHINGTON (Dow Jones)--Four shareholders identified as officers or
affiliates of Siebel Systems Inc. (SEBL) filed to sell a total of 630,000
shares of the company's common stock, according to four Form 144s released
Tuesday by the Securities and Exchange Commission.
Executive Vice President Robert David Schmaier listed last Thursday as the
approximate date for the sale of 200,000 shares, valued for about $8.3
million. He listed Salomon Smith Barney as the broker.
As of Feb. 28, Schmaier beneficially owned 935,749 shares of Siebel Systems
common stock, including options exercisable within 60 days to acquire
675,459 shares, according to the company's most recent proxy statement.
The Patricia A. House Separate Property Trust filed to sell 200,000 shares,
valued for about $8.3 million. The trust listed last Wednesday as the
approximate date of sale and Chase H&Q as the broker.
Patricia A. House is a co-founder, vice president and director of Siebel
Systems.
President and Chief Operating Officer Paul Wahl listed last Friday as the
approximate date and Salomon Smith Barney as the broker for the sale of
160,000 shares, valued for about $7.1 million.
Wahl beneficially owned 829,168 shares as of Feb. 28, including options
exercisable within 60 days to acquire 827,000 shares.
Director Eric E. Schmidt filed to sell 70,000 shares. He listed last
Thursday as the approximate date and Chase H&Q as the broker for the sale of
the shares, valued for about $3 million.
Schmidt beneficially owned 1,557,556 shares, including options exercisable
within 60 days to acquire 1,381,348 shares, as of Feb. 28.
Based in San Mateo, Calif., Siebel Systems provides eBusiness applications
software.
The company's stock closed Tuesday at $47.43 a share, up $1.85, or 4.1%.
A Form 144 allows for the sale of restricted stock, but it isn't a
commitment to sell.
-George Kelly, Dow Jones Newswires; 202-393-7852; george.kelly@dowjones.com
(END) DOW JONES NEWS 05-01-01
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