Facebook Inc Chief Operating Officer Sheryl Sandberg sold $3.75 million
worth of stock in the company on Tuesday, her second stock sale since
trading restrictions on insiders expired last week.
roughly 176,000 Facebook shares for an average price of $21.24 on
Tuesday, according to a regulatory filing on Thursday. Sandberg still
owns nearly 19 million vested shares of Facebook, the world's No.1
Internet social network, according to the filing.
Sandberg sold roughly $7.4 million worth of Facebook stock. Facebook
General Counsel Theodore Ullyot and Chief Accounting Officer David
Spillane also sold millions of dollars worth of shares last week. All
the Facebook executives' sales were part of pre-arranged stock trading
© Thomson Reuters 2012