Quantcast
"It is typical for AOL executives to sell shares during the company's open windows as part of their long-term personal financial planning."
——AOLTW spokesman Jim Whitney
STEVE SELLS SHARES
DOWN BY THE SEASHORE
AOLTW Chairman Cashes In A Million Shares, Blows Dividend On Candy, Baseball Cards
According to a company spokesman, AOL Time Warner Chairman Steve Case exercised options and sold 1 million shares (a $50 million value) of the company's common stock. The sale took placer on Feb. 6.

Case still holds 30.2 million shares in AOL Time Warner.

In filings made Feb. 6 with U.S. Securities and Exchange Commission but made public Wednesday (2/14), Case and Miles Gilburne (one of AOL Time Warner's 16 directors) had indicated their plans to sell the shares they acquired after exercising options. The SEC documents show that Case had not sold any shares in the previous three months, but Gilburne had also sold 100,000 shares on Feb. 5 for about $5 million.

The combined sale of 1.2 million shares by both men was valued at $60 million.

"It is typical for AOL executives to sell shares during the company's open windows as part of their long-term personal financial planning," company spokesman Jim Whitney said. "All of our executives continue to have very significant holdings of the company."

Company executives, to avoid illegal insider trading, are permitted to sell stock during "open windows" to avoid the appearance of trading stock with the knowledge of nonpublic information.

In early trading on the New York Stock Exchange on Thursday, AOL stock, which in the past year has ranged from $31.75 to $74.44, was up $1.34 to $49.87.

JOHN PRINE HAD
A CANDY HEART
Brilliance illuminated (4/8a)
YOUR TOP 20: WEEKND VS. WAVE
Deja vu all over again? (4/8a)
NIPPER COLLARS ROTHSCHILD FOR PROMO TEAM
Tails are wagging at the news. (4/8a)
A MESSAGE FROM
SIR LUCIAN
Hallelujah (4/7a)
MAYBE, JUST MAYBE, PART 5: EVERYBODY’S WORKING FOR
THE WEEKEND
More werds of whizdom from our Editur in Cheef (4/6a)
WE FOUND SOME TOILET PAPER
Also known as back issues of HITS.
SOCIAL DISTANCING
We turn out to be pioneers.
STREAMING STORIES
The music doc shows new muscle.
ELECTION 2020
Not postponed yet.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)