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Saturday 8 December 2012

Facebook's Sheryl Sandberg markets $26. 2M in stock.



Facebook COO Sheryl Sandberg will be turning more of the woman's paper wealth into true wealth.

After the shut of market today, Facebook disclosed in a SEC filing that Sandberg sold available shares valued at greater than $26. 2 million.

The actual timing was good. She sold greater than 946, 588 shares at prices ranging from $27. 39 to $27. 90 -- a level that Facebook hasn't exchanged at since August. In fact, shares of Facebook are on a tear throughout recent weeks, as Wall Street has embraced their we're-all-about-mobile message and the most significant so-called lockups on insiders advertising their pre-IPO shares get passed. The stock, which usually rose 1. 9 percent today to close on $27. 49, has soared with regards to 40 percent since earlier November.

This is definitely not Sandberg's only stock sales, but it is her biggest to date. Most recently, she sold about $4. 2 million worth of shares.Shortly before that, she cashed in $7. several million worth.



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