Insiders are Selling Shares of this Giant Oil and Gas Company

The following insiders of Exxon Mobil (NYSE:XOM) have recorded these transactions in February, 2011:

  • Harold R. Cramer, Vice President, exercised 25,000 options at $37.12 per share on February 14th, for a total of $928,000.  He subsequently sold those shares at a market price of $85, for proceeds of $2,125,000, or a net gain of $1,197,000.  He presently has 738,983 shares in XOM, or about 0.015% of the 4.98 billion shares outstanding.
  • Stuart Robert Franklin, Vice President, sold 10,464 shares at a market price of $83.34 for proceeds of $872,063 on February 14th, 2011.  He presently has 111,238 shares in XOM, or about 0.002% of the 4.98 billion shares outstanding.
  • J. Sherman Glass, Jr., Vice President, exercised 22,000 options at $37.12 for a total of $816,640 on February 14th.  He subsequently sold those shares at a market price of $84.47, for proceeds of $1,858,292, or a net gain of $1,041,652.  He presently hold 578,055 shares in XOM, or about 0.012% of the 4.98 billion shares outstanding.
  • Patrick T. Mulva, Vice President and Controller, exercised 10,307 options at a price of $37.12 on February 14th, for a total of $382,596.  He subsequently sold those shares at a market price of $84.88, for proceeds of $874,858, or a net gain of $492,262.  He presently has 444,659 in XOM shares, or about 0.009% of the 4.98 billion shares outstanding.
  • Stephen D. Pryor, Vice President, exercised 15,000 options at a price of $37.12 on February 14th, for a total of $556,800.  He subsequently sold 10,000 shares at a market price of $84.72 for proceeds of $$847,240, or a net gain of $290,040.  He presently has 957,875 in XOM shares, or about 0.019% of the 4.98 billion shares outstanding.

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