February 18, 2005

Google insiders' rich Valentine's gift
Millionaires make billions after Feb. 14 lockup expiration
By Steve Gelsi, MarketWatch

NEW YORK (MarketWatch) - It was a sweet Valentine's Day for Google insiders, who collected billions in stock sales this week following the last big lockup expiration after the company's initial public offering six months ago, according to regulatory filings

On Feb. 14, 177 million Google shares held by insiders became available for sale. The company has a total of 271.2 million shares outstanding. The search engine went public in August at $85 per share.

Omid Kordestani, Google's senior vice president of world wide sales/operations, sold about 2.5 million shares with a value of about $482 million. Kordestani sold 192,421 shares for proceeds of about $37 million later in the week.

Co-founder Larry Page sold a total of 260,000 shares in a series of transactions on Monday and Tuesday for more than $51 million. He also sold a total of 140,000 shares on Wednesday to bump up his proceeds for the week to $75 million >>> See

Sent by Babak Khiavchi

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