Ibexx & all - "Netscape execs file to sell stock"
Full story in
news.com
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It is surprising to see that Mr. Andreessen only has
1.5 million of shares left. It look like he has almost
finished exercising his "founder" stock options.
Don't know that he did those execised options in
the form of one-day-sell or buy-and-keep.
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Marc Andreessen , the company's vice
president of products, has filed to sell
375,000 shares; Michael Homer, vice
president of sales and marketing, filed to
dump 100,000 shares; James Sha, general
manager of integrated applications, filed
for 100,000 shares; Roberta Katz , general
counsel, also filed for 100,000; and
Richard Schell, general manager of
Netscape's client products division, has
filed to sell 200,000 shares. The filings
clear the way for selling the shares but do
not necessarily mean that the sales
actually will take place.
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Based on Netscape's proxy filed last
April, and excluding any vesting of
options or sales that has occurred since
then, Andreessen's pending sale
represents 25 percent of his 1.5 million
shares. Sha's filing represents less than 10
percent of his 1.2 million shares, and
Schell's reflects about 34 percent of his
598,640.
Katz, meanwhile, is looking to let go
roughly 25 percent of her stake of 402,904
shares, and Homer is considering selling
roughly 40 percent of his holdings of
255,261 shares as of last August. That was
the last time Katz and Homer sold stock,
so those numbers do not reflect any vested
options or grants that may have been
given to them since then.
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