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Politics : Formerly About Applied Materials

AMAT 319.11

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Jan 15 3:59 PM EST

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To: StanX Long who wrote (61087)	2/28/2002 1:48:53 AM
From: StanX Long	Read Replies (1) of 70976

14 Global Crossing Insiders Sold Stock $482 Million in Shares Unloaded in 2 Years washingtonpost.com By Christopher Stern Washington Post Staff Writer Wednesday, February 27, 2002; Page E01 During 2000 and 2001, a period when Global Crossing Ltd.'s stock was falling along with demand for its international telecommunications network, 14 company insiders sold more than $482 million worth of shares in the firm. Global Crossing chairman and founder Gary Winnick reaped the biggest gains over those two years -- a total of more than $280 million, according to figures provided by Thomson Financial/Lancer Analytics. Winnick's windfall includes $149.2 million worth of stock sold by Pacific Capital Group, a Beverly Hills, Calif., investment firm he controls. Winnick and other company officials have defended the sales, saying the transactions were fully disclosed to investors and others as part of Global Crossing's routine reports to federal regulators.

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