Oracle Exec’s $12.8 Million Stock Sale
July 2nd, 2009
| Tags: 5 million, business software company, executive vice, mojo, vice president
Tables: Buyers | Sellers ORACLE’S (TICKER: ORCL) earnings release late last month left plenty of investors giddy. But an executive at the firm apparently wasn’t feeling the mojo: He sold nearly $13 million in shares of the business-software company. Juergen Rottler, the executive vice president in charge of customer services, exercised options and sold 600,000 shares on Monday for $12.8 million, or $21.30 per share, on average. The sales netted him $5.5 million after taking into account the cost of exercising the options. The options weren’t expiring .[...]
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