Terry Semel Sells Yahoo! Stocks, Gains $4 Million!

AP reports that based on information received from the Securities and Exchange Commission, ex-Yahoo! Supremo Terry Semel sold off 183,334 shares of Yahoo's common stock and in return got $ 4 million.

"In a Form 4 filed with the SEC, Terry Semel reported he exercised options for the shares Monday and Tuesday for $8.23 apiece, and then sold all of them Monday and Tuesday for $22.94 to $23.57 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."

Withinn the last 3 years, Semel already cashed in on 18.1 million Yahoo! shares making $450 million in the process.

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!