Zeev: Did you see this? GMST CEO and CFO exercise option to buy 1.25 million shares.
biz.yahoo.com
PASADENA, Calif.--(BUSINESS WIRE)--Oct. 11, 2001--Gemstar-TV Guide International, Inc. (Nasdaq:GMST - news; ``Gemstar-TV Guide'' or the ``Company'') announced today that Henry C. Yuen, Chairman and CEO, and Elsie Leung, Co-President, Co-COO and CFO, have recently exercised 1,000,000 and 250,000 options of the Company's stock, representing approximately 4% and 4% of their outstanding and vested options, respectively. These options were granted, vested and exercised pursuant to the Company's employee stock option plan.
``Neither Ms. Leung nor I have sold any portion of these stocks, nor do we have any current intentions to do so,'' said Mr. Yuen. ``The exercise of these options, like the Company's recently announced $300 million stock buyback program, reflects our strong confidence in the long-term performance of the Company's stock price.'' |
