Key Insiders at this Office Products Company Sold Stock Recently

Following are recent insider trades recorded at Staples, Inc. (NASDAQ:SPLS):

  • Mary Elizabeth Burton, who is a Director, exercised 22,500 options at a cost of $12.92 per option on March 3rd.  She subsequently sold 22,500 shares at a market price of $22.48.  The net proceeds from these transactions were $213,036.  She presently hold 43,842 shares in the company, which are worth $879,032 as of today’s trading.
  • Robert Nakasone, who is a Director, exercised 22,500 options at a cost of $9.88 per option on December 23rd.  He subsequently sold 22,500 shares at a market price of $23 per share on December 23rd.  The net proceeds for these transactions were $293,306.  He presently holds 33,937 shares in the company, which are worth $680,436 as of today’s trading.
  • Robert E Sulentic, who is a Director, bought 12,400 shares on March 4th at market prices between $22.84 and $22.89.  He presently holds 35,454 shares in the company, which are worth $710,852 as of today’s trading.
  • Paul Walsh, who is a Director, exercised 45,000 options at a cost of $11.40 per option on March 4th.  He subsequently sold 45,000 shares at a market price of $22.85 per share on March 4th.  The net proceeds for these transactions were $515,621.  He presently holds 8,778 shares in the company, which are worth $175,998 as of today’s trading.

About the company: Staples, Inc. retails office supplies, furniture, and technology.  The Company’s customers include consumers and businesses in the United States, Canada, the United Kingdom, and Germany.  Staples serves its customers through officer superstores, mail order catalogs, the Internet, and a contract business.  Its competitors include: Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Walgreen (NYSE:WAG), CVS (NYSE:CVS), OfficeMax Incorporated (NYSE:OMX), Office Depot, Inc. (NYSE:ODP), China Stationery (CSOF), Stamps.com Inc. (NASDAQ:STMP), United Stationers Inc. (NASDAQ:USTR).

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