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EBay CEO Meg Whitman Sells Stock

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21

NEW YORK (AP) -- The chief executive of online auctioneer eBay Inc. exercised options for and sold 640,000 shares of stock, according to a Securities and Exchange Commission filing Monday.

In a Form 4 filed with the SEC, Margaret Whitman reported she exercised options at $22.02 apiece and sold the shares for $32.02 apiece to $32.85 apiece on Thursday and Friday.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

EBay is based in San Jose, Calif.

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