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.
Loren Baker is the Founder of SEJ, an Advisor at Alpha Brand Media and also spends time w/ CopyBlogger.
Latest posts by Loren Baker (see all)
- Cleaning Up SEJ Author Bio Links - May 21, 2013
- Is Tumblr Worth as Much as Overture to Yahoo? - May 20, 2013
- Everything I Know About Link Building I Learned in 1998 - April 2, 2013
