Facebook's Sandberg sells another $3.75 mln in stock
SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) Chief Operating Officer Sheryl Sandberg sold $3.75 million worth of stock in the company on Tuesday, her second stock sale since trading restrictions on insiders expired last week.
Sandberg sold roughly 176,000 Facebook shares for an average price of $21.24 on Tuesday, according to a regulatory filing on Thursday. Sandberg still owns nearly 19 million vested shares of Facebook, the world's No.1 Internet social network, according to the filing.
Last week, Sandberg sold roughly $7.4 million worth of Facebook stock. Facebook General Counsel Theodore Ullyot and Chief Accounting Officer David Spillane also sold millions of dollars worth of shares last week. All the Facebook executives' sales were part of pre-arranged stock trading plans.
(Reporting By Alexei Oreskovic; Editing by Bernard Orr)
- Tweet this
- Share this
- Digg this
- UPDATE 2-AT&T threatens to sit out U.S. spectrum auction over rules
- Hundreds of earthquakes strike central Idaho, rattling nerves
- Ocean floor search for missing Malaysia plane cut short again
- BlackBerry's meltdown sparks start-up boom in Canada's Silicon Valley
- US STOCKS-Wall St gains on Yellen comments and Yahoo; BofA falls
The troubles at BlackBerry Ltd , which fired more than half its staff and lost more than 90 percent of its market value as consumers shunned its smart phones, might have spelled disaster for the company’s hometown of Waterloo, Ontario. Instead, there are hot sports cars in the streets and new companies filling the refurbished office buildings. Full Article
Samsung executive says Galaxy S5 to outsell S4, sees Q2 rollout for Tizen phone. Full Article