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Amazon.com Inc. Message Board

  • serpico_95928 serpico_95928 Aug 17, 1999 8:57 PM Flag

    Hello: Here is some food for thought

    August 17, 1999 05:48 PM Eastern Time

    WASHINGTON, Aug 17 (Reuters) - Amazon.com Inc.'s AMZN vice
    president for product development plans to sell 60,000
    common shares in the world's largest Internet
    bookseller, according to a Securities and Exchange Commission
    filing.

    John Risher filed Aug. 10 to sell the
    shares worth an estimated $5.02 million.

    Risher,
    who received $105,168 in salary last year and earned
    a $50,000 bonus from Amazon.com, acquired the
    60,000 shares after exercising a stock option.


    In addition, Simon Murdoch, general manager of the
    company's U.K. division, amazon.co.uk, filed to sell 17,080
    shares he received after the division was acquired by
    the Seattle-based company.

    Murdoch filed on
    Aug. 12 to sell shares worth an estimated $1.61
    million. He has already sold 17,000 shares on Aug. 5 for
    $1.64 million, his filing said.

    A spokesman for
    the company declined to comment on why the two
    executives planned to sell the stock.

    Shares of
    Amazon.com closed up 10-15/16 to 109-1/4 on Nasdaq.


    ((Jeremy Pelofsky, 202-898-8399)) REUTERS


    If
    these people think there is a future they would not
    sell now
    WOULD THEY ?

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