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FB: Facebook Execs Start Selling Stock

Facebook Execs Start Selling Stock
by TechCrunch

By Josh Constine
Facebook’s executives gained the right to sell stock this week, and three are now starting to cash out. SEC docs show COO Sheryl Sandberg is selling 352,904 shares to pull in $7,440,696.93. That’s just 1.91% of her current, massive personal stake, and 1.74% if you include her trusts. General Counsel Ted Ullyot is selling a little, too. However, Chief Accounting Officer David Spillane is selling over 61%. That’s 256,000 shares out of the 416,000 he was just awarded, which could worry Wall Street. read more »

More on FB:

After Facebook Employees' $3.1 Billion Stock Payday, Will They Quit Or Keep Hacking? by TechCrunch

All Aboard The Facebook Train? by Bill Maurer

Facebook Still A Long Way From Providing A Margin Of Safety by Tim Travis

Other articles that mention FB:

Individual Investor Fund - October 2012 Monthly Update And Review by James Sands

BDC Review Redux Part VIII: The Pre-IPO BDCs by Philip Mause

LinkedIn Beats Facebook In Monetization by Todd Campbell

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