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Facebook (FB -2.7%) sells off as a 234M-share lockup expiration originally scheduled for Monday...

Facebook (FB -2.7%) sells off as a 234M-share lockup expiration originally scheduled for Monday gets underway. Another 777M shares become available for sale on Nov. 14. Several top Facebook execs, including COO Sheryl Sandberg and CFO David Ebersman, become eligible to sell in a couple of days. Mark Zuckerberg isn't selling any more shares for now.
Comments (12)
  • idkmybffjill
    , contributor
    Comments (1555) | Send Message
     
    My Dec 19 puts are up 66% since last week. Not too shabby at all!
    31 Oct 2012, 10:26 AM Reply Like
  • thor34
    , contributor
    Comments (94) | Send Message
     
    Friday should be an interesting day.
    31 Oct 2012, 11:09 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1555) | Send Message
     
    why Friday in particular?
    31 Oct 2012, 02:56 PM Reply Like
  • thor34
    , contributor
    Comments (94) | Send Message
     
    "Sandberg, Fischer, Schroepfer, Ebersman, Spillane, and Ullyot become eligible to sell their shares FOUR days after they actually vest on October 29th."
    31 Oct 2012, 03:35 PM Reply Like
  • rephinbar
    , contributor
    Comments (228) | Send Message
     
    Watch for the pump tomorrow - there's a FB PR event on Gifts.
    31 Oct 2012, 12:49 PM Reply Like
  • florida234
    , contributor
    Comments (2) | Send Message
     
    why friday? on and of i have made a few box on fb mini futures derivates on a down trend.
    31 Oct 2012, 04:41 PM Reply Like
  • thor34
    , contributor
    Comments (94) | Send Message
     
    Ebersman David A Chief Financial Officer
    Exercise of Options 2,223,050
    Sandberg Sheryl K Chief Operating Officer
    Exercise of Options 18,094,400
    Fischer David B Officer
    Exercise of Options 568,282
    Ullyot Theodore War... General Counsel
    Exercise of Options 1,351,800
    Schroepfer Michael ... Officer
    Exercise of Options 1,537,290
    Spillane David M Officer
    Exercise of Options 416,479

     

    Almost 25 Million shares. From the article above "Sandberg, Fischer, Schroepfer, Ebersman, Spillane, and Ullyot become eligible to sell their shares four days after they actually vest on October 29th."
    31 Oct 2012, 05:04 PM Reply Like
  • rephinbar
    , contributor
    Comments (228) | Send Message
     
    You missed the last part of the first paragraph in the referenced article:

     

    " six of Facebook’s top officers (but not Zuck) filed Form 4s today to notify the SEC their RSUs will vest into 45.3 million Class B shares on October 29th, BUT THEY WON'T BE SELLING ANY. "
    1 Nov 2012, 12:24 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1555) | Send Message
     
    Bad decision on their part.
    1 Nov 2012, 12:46 AM Reply Like
  • thor34
    , contributor
    Comments (94) | Send Message
     
    we shall see.
    1 Nov 2012, 06:49 AM Reply Like
  • thor34
    , contributor
    Comments (94) | Send Message
     
    starting to sell:
    http://tcrn.ch/RzLYjM
    2 Nov 2012, 09:43 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1555) | Send Message
     
    Yeah let's be honest....i doubt Sandberg really knows anything about share valuations...she's an operations person. However, the accounting officer selling is definitely an interesting sign or omen....
    4 Nov 2012, 09:07 AM Reply Like
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