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To: GST who wrote (137017)	1/14/2002 8:19:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

siliconinvestor.com

To: GST who wrote (137017)	1/14/2002 9:21:21 PM
From: H James Morris	Respond to of 164684

Gst, Koogles cost at .002c was less than Billy's. My cost is $14.00 >>Former Yahoo Chief Executive Timothy Koogle collected a net gain of almost $32 million in November by exercising stock options priced at a fraction of a cent. Koogle, who remains a board member of the Internet portal, exercised options to buy 2 million Yahoo shares for .002 cents apiece Nov. 28 to 30, according to Thomson Financial/First Call. He sold those shares for $15.75 to $16.86 apiece, for a net gain of $31.94 million. ``Most of our executives' compensation comes in the form of options,'' the Sunnyvale-based company said in a statement. ``The executives are limited to infrequent trading windows, and it is a normal and prudent part of their estate and tax planning and portfolio diversification process to trade shares during those designated open windows.'' Yahoo fell 33 cents Friday to close at $20.16 Friday. The stock is up from a 52-week low of $8.02 Sept. 27 but is well off a high of more than $43 a share about a year ago. Koogle, who has helped lead the company since 1995, stepped down as Yahoo Chairman and CEO May 1. He was replaced by Terry Semel. In the 2000 fiscal year, Koogle's total compensation was $11.7 million, including about $11.39 million in gains on stock options, according to the Mercury News' annual report on executive compensation. Koogle still owns 1.3 million shares of Yahoo. Stock-option holders have the right to buy their company's shares for a set price.