This is whats wrong with Intel's stock -for-compensation scheme. This guy basically got about $20M in shares for doing the status-quo, & all he is doing is diluting the shares outstanding by selling. Intel needs to buy-back stock & permanently retire those shares & stop giving employes free shares. Helps no one except the executive & hurts Intel shareholders. From what i've heard, this guy has not been a good leader & was bypassed for the CEO job.
It was an automatic sale but the notes on the SEC Form 4 indicate that the sale was set up for automatic on JULY 19, 2013. Since the sale happened 1 month ago, I suspect there is some SEC regulation that forces the process or the seller benefits from setting up the 30 day trigger. IMO, I would view this as "just a sale". David only owns 625,000 more shares. 8-) .... a couple of shares.
( 1 )Transactions reported on this Form 4 were made pursuant to trading instructions adopted by the undersigned on July 19, 2013 that are intended to comply with Rule 10b5-1(c).
( 2 )The option vests in four equal annual installments beginning on the first anniversary of the grant date.