"You don't need a weatherman to know which way the wind blows" - R. Zimmermen
Reuters
Yahoo's CEO exercised options, sold 500,000 shares
Friday July 18, 8:52 am ET
WASHINGTON, July 18 (Reuters) - Yahoo Inc. (NasdaqNM:YHOO - News) Chairman and Chief Executive Terry Semel exercised options for 500,000 common shares earlier this week and sold all of the stock, a regulatory filing on Friday said.
Semel exercised one option and acquired 437,500 shares for $9.24 each on July 16 and exercised another for 62,500 shares the same day for $16.46 each.
The 500,000 shares were then sold for $32-$32.64 each, leaving Semel in direct ownership of 1 million shares, the filing with the Securities and Exchange Commission (News - Websites) said.
Yahoo shares closed on Thursday at $30.61 on Nasdaq. The Internet media company is looking to acquire online advertiser Overture Services Inc. (NasdaqNM:OVER - News). |
