Yiwu, yes Dell has sold large blocks and other insiders have been selling as well, and they have sold a significantly higher percentage
of the stock that they own:
Monday November 30, 4:24 pm Eastern Time
Dell execs sold nearly 9 mln shares since May
WASHINGTON, Nov 30 (Reuters) - Senior executives at Dell Computer Corp. (Nasdaq:DELL - news), led by founder/chief
executive Michael Dell, have sold nearly 9 million common shares of the personal computer maker since May, recent SEC filings
showed.
There is currently an open trading window at the company and the sales are a routine part of the executives' diversification, Dell spokesman T.R. Reid said Monday.
CEO Dell, who founded the Round Rock, Texas-based company in 1984 while attending the University of Texas at Austin, disposed of 8 million shares from
September 24-November 19 at an average price of $64 per share.
Vice Chairmen Morton Topfer and Kevin Rollins sold 700,000 shares from May 26-November 17 at prices ranging from $65-$119 per share and 80,000 shares
on August 25 for about $122 per share, respectively.
The company's stock split 2-for-1 on August 18.
The executives reported their stock sales in filings date-stamped November 27 with the Securities and Exchange Commission.
Michael Dell beneficially owned a 16.1 percent stake in Dell while Topfer and Rollins each has less than 1 percent, according to Dell's latest proxy filed in June. The
company currently has about 1.2 billion shares outstanding.
Dell's trading window was opened after the company reported last month its fiscal third quarter earnings results. It will remain opened until a period before the close
of the fiscal fourth, which falls on January 31.
The company's trading window is usually closed for about 28 week, or effectively half of the year, Reid said.
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