Advertisement

HindustanTimes Wed,24 Sep 2014

Facebook's Sandberg sells another $3.75 mln in stock

Reuters   November 09, 2012
First Published: 11:12 IST(9/11/2012) | Last Updated: 12:02 IST(9/11/2012)

Facebook Inc 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.


Advertisement
more from Business

Future Group to foray into food manufacturing

Amid debt challenges and margin pressures in the retail sector, Future Group’s foray into food manufacturing will kick-start with Modi inaugurating the first of its three mega food parks in Tumkur, near Bangalore, on Wednesday.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved