AAPL Stock: 111.6 ( -0.52 )

Printed from

Facebook execs sell $15 million in stock as lockup expires

updated 12:00 pm EDT, Sat November 3, 2012

Third lockup expiration later in November releases 800 million shares

Facebook Chief Operating Officer Sherly Sandberg, General Cousel Theodore Ullyot, and Chief Accounting Officer David Spillane all sold millions of dollars worth of stock this week, according to required filing with the Federal Trade Commission. Roughly 230 million shares of the stock became eligible for trading this week, as the required IPO "lockup" period expired.

Another 800 million shares will be unlocked for trading on November 14, more than doubling the inventory available for trading on September 30. Shares of Facebook were originally priced at $38 in the much anticipated IPO, but have fallen to as low as $18 per share. The stock closed Friday at $21.18.

Spillane sold 256,000 shares on Wednesday, more than half of his vested shares. Ullyot sold approximately 149,000 shares, and holds an additional 1.27 million. Sandberg sold 353,000 shares on Wednesday and retains more than 20 million more.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Polk Hinge Wireless headphones

Polk, a company well-established in the audio market, recently released a new set of headphones aimed at the lifestyle market. The Hin ...

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...


Most Commented