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HindustanTimes Sat,19 Apr 2014

Sandberg sells $91 million of Facebook stock

AP  New York, August 13, 2013
First Published: 11:53 IST(13/8/2013) | Last Updated: 11:55 IST(13/8/2013)

Facebook's chief operating officer, Sheryl Sandberg, has sold $91 million worth of shares in the social networking company.

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The sale was part of a pre-determined trading plan that was set up in 2012. It came a week after Facebook's stock passed its $38 IPO price for the first time since going public in May 2012.

According to a regulatory filing from Friday, Sandberg sold the shares in the Menlo Park, Calif.-based company on Aug. 7 for prices ranging from $37.79 to $38.93.

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