Oracle CFO Henley Sells Stock From Options for $9.4 Mln Profit
By Amy Strahan Butler
Washington, Jan. 3 (Bloomberg) -- Oracle Corp. Chief Financial Officer Jeffrey Henley reported selling 1 million shares he received as stock options from the world's third-biggest software maker for a $9.4 million profit.
Henley, who earned a salary of $825,000 last year, purchased the shares yesterday at $1.69 and sold them for between $11 and $11.13 per share, according to the filing with the Securities and Exchange Commission. He now owns 23,771 shares of Oracle and has options to buy 818,772 more shares.
Henley didn't return a phone call seeking comment at the company's offices in Redwood City, California. Oracle spokeswoman Jennifer Glass declined comment.
Last month, Chief Executive Officer Larry Ellison exercised 2.875 million stock options that let him buy Oracle common shares for about 10 percent of the stock price. Ellison, a billionaire who ranks as the fifth-richest person in the world according to Forbes magazine, owns about a quarter of the company's shares.
Oracle's shares, which have declined 24 percent during the past year, rose 35 cents to $11.56 at 4 p.m. in Nasdaq Stock Market trading.
Link:http://www.bloomberg.com/fgcgi.cgi?T=marketsquote99_relnews.ht&s=APhYBcRT7T3JhY2xl |
