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CEO & Insiders Unloading Google Shares (GOOG)

While this is part of a pre-set trading plan, Larry Page, chief executive officer of Google Inc. (NASDAQ: GOOG) has raised another $17.1 million in a share sale.  An SEC filing indicated that on March 14, 2012 that Mr. Page…

By Jon C. Ogg
Published March 15, 2012, 1:17pm ET · 1 min read

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While this is part of a pre-set trading plan, Larry Page, chief executive officer of Google Inc. (NASDAQ: GOOG) has raised another $17.1 million in a share sale.  An SEC filing indicated that on March 14, 2012 that Mr. Page sold 27,778 shares of Google stock at $617.65 for a total of $17,156,971.  The form shows that Page owns 80,000 direct shares and that a prior sale of 27,778 shares were sold between $605.89 and $613.04 per share after acquiring shares at $0 (stock option).  A prior round of sales went of on March 12 for another 27,778 shares also as option exercises sold between $600 and $606 per share for a total of $16.75 million.

Other insider sales have taken place over the last two weeks as week, notable two sales for over $12.6 million and $37.4 million from co-founder Sergey Brin. Other insiders who have sold shares in the last two weeks are Nikesh Arora, Patrick Pichette, Paul Atellini, David Drummond, Kavitark Shriram, John Doerr, John Hennessy, and Eric Schmidt.

JON C. OGG

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Jon C. Ogg

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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