This is on the wire, so we can all clear the air and move forward...
NEW YORK, March 4 (Reuters) - America Online Inc (AOL - news) chief executive Steve Case has sold 500,000 of his shares in the company, the Wall Street Journal said Wednesday in its electronic edition.
Case sold the shares last Wednesday, the newspaper said. His plans to sell were disclosed Monday.
The company cites an AOL spokeswoman as its source.
Five other AOL insiders who also disclosed plans to sell stock Monday sold 176,365 shares last Wednesday and Thursday, the newspaper said.
Among them was AOL chief financial officer Lennert Leader, who sold 80,000 shares, reducing his total equity position in the company by 10 percent, the newspaper said.
The sale prices weren't disclosed, but AOL stock closed at $118.9375 on Wednesday and $123.75 on Thursday, according to the newspaper.
The latest sale represents a 15 percent reduction in Case's holdings of AOL stock plus vested and unvested options, the newspaper said.
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