Mr Lay in fact acquired 106578 shares in 2001. The other 264382 you refer to were in 2000, and an identical amount is sold the same dayThey are indicated to have been disposed of as "shares held indirectly", ie: a trust, spouse, etc.This occurred on Dec 18. The question I have to ask is, Are these the same shares he bought that day? a coincidence, perhaps? Mr Lay had a very profitable year, not unlike many high-tech executives of companies I owed stock in. He is not alone in this type of conduct, I should add.
This behavior of dumping the stock while the investors sit in the dark is what troubles me, and I would like to see this practice stopped , if possible.He sold shares almost every day from the beginning of the year, in lots of 1000 to 2500, typically. Had he not been selling all year, I would agree with your interpretation.I guess it depends on the ownership of those 264382 shares.
Carl |
