Key Executives at this Major Internet Retailer Have Dumped Millions in Shares

Recent insider trades at Amazon.com, Inc. (NASDAQ:AMZN) include:

  • Thomas O. Ryder, who is a Director, sold all of his shares in the company.  On February 22nd, he sold 5,500 shares at a market price of $182.14 and on February 24th he sold 5,587 shares at a market price of $177.26.  The total proceeds for these transactions were $1,992,139.
  • Shelley Reynolds, who is a Vice President, sold 218 shares at a market price of $161.45 on March 15th, and 1,680 shares at a market price of $171.80 on March 28th.  She exercised 4,200 options at a cost of $0 per option on March 27th, and exercised 545 options at a cost of $0 per option on March 15th.The total proceeds for these transactions were $323,820.  She presently hold 5,381 shares worth $971,055 based on the most recent price for the shares.
  • Steven Kessel, who is a Senior Vice President, sold 7,480 shares at a market price of $161.45 on March 15th.  He presently holds 0 shares in the company.
  • Sebastian J. Gunningham, who is a Senior Vice President, exercised 75,000 options at a cost of $0 per option on March 5th.  He subsequently sold 70,000 shares at a market price of $171.36 per share on March 7th.  The net proceeds from these transactions was $11,995,330.  He presently holds 14,000 shares in the company, which are worth $2,526,440 as of today’s trading.
  • William B. Gordon, who is a Director, exercised 2,333 options at a cost of $0 per option on April 9th.  He presently holds 10,075 shares in the company, which are worth $1,818,134 as of today’s trading.

About the company: Amazon.com, Inc. is an online retailer that offers a wide range of products.  The Company’s products include books, music, videogames, computers, electronics, home and garden, and numerous other products.  Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.  Its competitors include:

eBay Inc. (NASDAQ:EBAY), Overstock.com, Inc. (NASDAQ:OSTK),Wal-Mart Stores, Inc. (NYSE:WMT), Google Inc. (NASDAQ:GOOG), Barnes & Noble, Inc. (NYSE:BKS), Costco Wholesale Corp. (NASDAQ:COST), Best Buy Co., Inc. (NYSE:BBY), Hot Topic, Inc. (NASDAQ:HOTT), PC Mall, Inc. (NASDAQ:MALL), Apple Inc. (NASDAQ:AAPL)

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