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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: patron_anejo_por_favor who wrote (22666)	12/1/2004 1:50:27 PM
From: who cares?	Read Replies (2) of 110194

Pierre claims it was options that forced him to sell. Nov. 15 (Bloomberg) -- Newmont Mining Corp.'s president Pierre Lassonde made about $15.3 million last week by selling shares of the world's biggest gold producer as the stock reached a 10-month high. Lassonde, 57, said in a U.S. regulatory filing Nov. 12 that he sold 413,760 Newmont shares on Nov. 9 and Nov. 12 at between $49.50 and $49.62 each, for more than $20.5 million, after exercising options to acquire the same number of shares. He paid $10.71 each for 221,760 shares and $14.69 each for 192,000 shares, spending almost $5.2 million in total. ``These were the results of my exercising options that were granted to me almost 10 years ago and are now expiring,'' Lassonde said in an e-mailed response to questions. ``I wished they had been for 20 years.''

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