Post by OldTer on May 28, 2003 22:21:51 GMT -5
*plays conspiracy music*
biz.yahoo.com/rc/030528/media_electronicarts_1.html
LOS ANGELES, May 28 (Reuters) - The chief executive of global No. 1 video game publisher Electronic Arts Inc. (NasdaqNM:ERTS - News) exercised options on 75,000 shares of company stock and then sold the shares for a profit of more than $4 million, the company said in a filing with securities regulators on Wednesday.
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In a form filed with the U.S. Securities and Exchange Commission (News - Websites), Electronic Arts said Larry Probst acquired the shares on Tuesday at a price of $6.75 each and sold them at $65.393 each, for a profit of $4.4 million. The options were set to expire in July 2004.
After the transaction, Probst directly held more than 306,000 shares of Electronic Arts's Class A common stock, the company said in the SEC filing.
In a separate SEC filing Wednesday, it said board member William Byron sold 12,000 shares at $65.93 on Tuesday. He had acquired a block of 12,000 shares on May 9 at a price of $16.719 per share, one of a number of blocks from options that he exercised that day.
Electronic Arts also said executive vice president Nancy Smith exercised 20,000 options at $22.75 on Tuesday and then sold the resulting shares at $65.103 for a profit of $847,060.
biz.yahoo.com/rc/030528/media_electronicarts_1.html
LOS ANGELES, May 28 (Reuters) - The chief executive of global No. 1 video game publisher Electronic Arts Inc. (NasdaqNM:ERTS - News) exercised options on 75,000 shares of company stock and then sold the shares for a profit of more than $4 million, the company said in a filing with securities regulators on Wednesday.
ADVERTISEMENT
In a form filed with the U.S. Securities and Exchange Commission (News - Websites), Electronic Arts said Larry Probst acquired the shares on Tuesday at a price of $6.75 each and sold them at $65.393 each, for a profit of $4.4 million. The options were set to expire in July 2004.
After the transaction, Probst directly held more than 306,000 shares of Electronic Arts's Class A common stock, the company said in the SEC filing.
In a separate SEC filing Wednesday, it said board member William Byron sold 12,000 shares at $65.93 on Tuesday. He had acquired a block of 12,000 shares on May 9 at a price of $16.719 per share, one of a number of blocks from options that he exercised that day.
Electronic Arts also said executive vice president Nancy Smith exercised 20,000 options at $22.75 on Tuesday and then sold the resulting shares at $65.103 for a profit of $847,060.