Google Insiders Dump over $110 Million in Stock
According to insider trade reporting results Google employees dumped over $110 million dollars worth of stock in May. Here are the tops sales with Larry Page getting over 88 million of the 110 million:
Page Lawrence - $39,397,225.00
Page Lawrence - $34,431,301.00
Page Lawrence - $10,181,550.00
Page Lawrence - $5,176,500.00
OTELLINI PAUL - $4,294,549.00
Page Lawrence - $4,265,626.00
OTELLINI PAUL S - $3,551,071.00
Rosenberg Jonathan J - $2,341,466.00
Rosenberg Jonathan J - $2,338,570.00
REYES GEORGE - $1,807,006.00
REYES GEORGE - $1,804,814.00
REYES GEORGE - $562,042.00
REYES GEORGE - $519,787.00
Rosenberg Jonathan J - $331,685.00
Rosenberg Jonathan J - $306,532.00
REYES GEORGE - $276,572.00
REYES GEORGE - $256,110.00
- Y! MyWeb
Actually, the real number for insiders is
$6.5 Billion sold. $0 Bought.
http://www.secform4.com/insider/showhistory.php?cik=goog
(That´s total).
I was trying to figure out
I was trying to figure out the difference between someone 'selling stock' and "dumping stock".
Then I noticed that "Lawrence Page" was selling. I reckon the last time he heard "Lawrence" was his mother yelling at him to get off his computer and come to the dinner table. So I guess he must be in trouble so "dump" is probably the correct word here
Move along
nothing to see here.
They still probably have lots of stock left. This was likely nothing more than some folks wanting to enjoy the fruits of their labours.
It's hard to say I blame
It's hard to say I blame them. No need keeping all your money in Google stock.
Larry page was 10% owner.
Larry page was 10% owner. That's over $10 billion. 88 million is less than 1% of that.
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Wonder what he's gonna do with the 80 million? Can't even imagine...but it's kinda cool!
Didn't Bill gates spend 50
Didn't Bill gates spend 50 million on his house? That doesn't leave much left over for the private jet.