Terry Semel Sells 750,000 Of Yahoo's Shares For $20 Million

Terry Semel exercised his options and sold off 750,000 shares of Yahoo's stock for $20 Million at $29 to $29.90 apiece, according to a Securities and Exchange Commission filing Tuesday, informs CNN Money.

“In a Form 4 filed with the SEC, Terry Semel reported he exercised options for $15 apiece and then sold all the shares the same day for $29 to $29.90 apiece. 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.”

Of late, Yahoo's share price has increased after the announcement of Yahoo's earnings report was positive.

Click here to subscribe to our RSS feed to get a daily digest of news around search engine industry. PageTraffic SEO Blog is updated four times a day and is ranked as one of the best search engine resources blog by Pandia!