Yahoo’s Terry Semel Sells Over $20 Million in Yahoo Stocks

October 25th, 2007 by Loren Baker, Editor | No Comments

Yahoo Chairman and Ex-CEO Terry Semel exercised options for 750,000 shares of Yahoo stock and then sold them for $29 to $30 a share according to a filing by the Securities and Exchange Commission and CNNMoney’s Thomson Financial.

Semel exercised options on the 750,000 shares for $15 a piece, then sold them for the final $29 price, essentially earning $10 million on the deal.

Yahoo stocks surged this week after earnings reports and the announcement of an integrated display advertising deal with many online publishers including WebMD.