eBay CEO Meg Whitman exercised options on 640,000 shares of eBay stock at $10.0157 and immediately sold the shares for a net gain of $13.977 million. The transactions were conducted under a prearranged trading plan that allows Whitman to sell up to 6,400,000 shares between June 2007 and February 2008.
Whitman exercised her stock options in two transactions during last week's eBay's annual user conference - one on June 14 (the day of the company's annual shareholders meeting) and one on June 15.
eBay CEO Meg Whitman exercised options on 640,000 shares of eBay stock at $10.0157 and immediately sold the shares for a net gain of $13.977 million. The transactions were conducted under a prearranged trading plan that allows Whitman to sell up to 6,400,000 shares between June 2007 and February 2008.
