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Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?

To: arjan bok who wrote (6072)	11/3/1999 3:40:00 PM
From: LTK007	Read Replies (1) \| Respond to of 7772

EBay insiders plan to sell 1.79 million shares(this usually means a form4 is already in the works--not always,but often) By Lisa J Ulmer, CBS MarketWatch Last Update: 2:53 PM ET Nov 3, 1999 See: Net Stocks SAN JOSE (CBS.MW) -- EBay insiders, including the chief executive, plan to sell 1.79 million shares of common stock for an estimated value of about $235.2 million. "This represents the first opportunity for the executive board and directors to sell their respective shares as a public company," EBay spokesman Kevin Pursglove told CBS.MarketWatch.com. Margaret Whitman, CEO and president at the online auction powerhouse (EBAY: news, msgs), registered to sell 300,000 shares worth $40.8 million, according to filings with the Securities and Exchange Commission. Michael Jacobson, Jeffrey Skoll, Brian Swette, Steve Westly and Michael Wilson, all vice presidents, registered to sell a combined 1.1 million shares, worth an estimated $147.5 million. Chairman and founder Pierre Omidyar moved to sell a total of 300,000 shares for an estimated worth of $46.9 million and Chief Financial Officer Gary Bengier registered100,000 shares, valued at $13.6 million. Pursglove said the officers desire to sell their shares for personal financial reasons. The SEC filing completed by the EBay officials, Form 144, represents only an intent to sell. Further filings are required for sales transactions. Shares will be offered through Goldman Sachs & Co.