Yahoo's Semel sells 500,000 shares

By Leticia Williams, CBS.MarketWatch.com Last Update: 10:46 AM ET July 18, 2003

WASHINGTON (CBS.MW) -- Yahoo Chairman Terry Semel sold 500,000 shares of company stock via the exercise of his options, according to a filing with the Securities and Exchange Commission on Friday.

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Semel exercised the Yahoo (YHOO: news, chart, profile) options and sold the shares in two parts on July 16. He exercised 437,500 shares at $9.24 and 62,500 shares at $16.46.

All of the shares were sold at prices ranging from $32 to $32.64, according to the filing.

After the sale, Semel directly owned 1 million shares of the Internet service provider's common stock.

On Wall Street, shares of Sunnyvale, Calif.-based Yahoo were down 54 cents at $30.07.

naja, bei ueber 100% plus in so kurzer zeit, kann man das ja machen....

MfG, ZiZo