Intuit Inc. (NASDAQ: INTU) shows that Laura Fennell, Senior VP and General Counsel, exercised 20,000 options worth some $625,800 and sold these for $1,147,960.
Biogen Idec Inc. (NASDAQ: BIIB) has been a monster stock run, so perhaps it is not unexpected that insiders would again be selling stock. Susan Alexander, General Counsel, exercised 49,800 options at $47.87 worth $2,383,838 and sold these 49,800 shares at roughly $140 for some $6,972,000. She is having a good week. A director named Robert Pangia exercised 5,000 options at $36.94 worth some $184,700 and he sold these also at $140.00 or so worth some $700,000.
The Sherwin-Williams Company (NYSE: SHW) saw its Senior VP of Planning and Development named Steven Oberfeld exercise some 14,000 options at $63.44 per share and he turned around and sold these at an average of $129.45 worth just over $1.8 million. He still has some 117,000 shares more or less.
CF Industries Holdings, Inc. (NYSE: CF) is having a good day on its own, but the company’s filings showed that Stephen Wilson (Chairman, CEO, and Prez) exercised some 25,000 at $16.00 worth some $400,000 and then sold these shares at $163.42 for just over $4 million as well. Rumor has it that he is in a great mood today. He still has almost 140,000 shares.
The Walt Disney Company (NYSE: DIS) also saw some interesting insider selling. Christine McCarthy, Treasurer, exercised 16,000 options at $31.26 worth about $500,000 and turned around sold these for just over $750,000; CFO James Rasulo exercised 154,000 options at $30.91 for roughly $4.8 million and sold these at $46.75 for nearly $7.2 million.
JON C. OGG