Insiders are Selling Shares of this Blue Chip Internet Company

Following are recent insider trades made by key Google (NASDAQ:GOOG) personnel:

  • Eric E. Schmidt, who is the CEO & Chairman of the Board, sold 44,557 shares at market prices between $615.24 and $618.39 per share, for proceeds of $27,449,277.  This transaction represented approximately 0.014% of the 312,520,000 outstanding shares.
  • Lawrence Page, who is the President, Products & Assistant Secretary, sold 83,334 shares at market prices between $624.08 and $626.90 per share, for proceeds of $52,120,029.  This transaction represented approximately 0.026% of the 312,520,000 outstanding shares.
  • Patrick Pichette, who is a Senior Vice President & CFO, exercised 4,961 options at $317.47 and subsequently sold 4,961 shares at a market price of $610.16, for net proceeds of $1,452.,025.  This transaction represented approximately 0.0015% of the 321,520,000 outstanding shares.
  • Jonathan J Rosenberg, who is a Senior Vice President of Product Management, sold 718 shares at market prices between $609.03 and $614.17, for total proceeds of $438,729.

Want to know more about important insider trades? Be sure to check out our Insider Cheat Sheets!