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Apollo Education Group, Inc. Message Board

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  • tnjresh tnjresh Aug 19, 2010 9:31 AM Flag

    Peter Sterling Sold 700,000 shares before decline

    Did you ever consider that he might have had a 10b5-1 trading plan in place, in which case it is perfectly legal for him to sell as an insider, even if he has material, non-public information regarding the company because the sale was likely pre-arranged months in advance. Based on the fact that several of his sale dates in July were EXACTLY the same dates he sold in July of 2009, I would be willing to wager that such a trading plan is in place.

    Before you make these baseless accusations, you need to understand executive compensation and how insiders are allowed to trade.

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