As Expected, Mel Karmazin Sells A Chunk Of SiriusXM Stock
May 21, 2012 at 5:58 AM (PT)
Back in FEBRUARY (NET NEWS 2/27), ALL ACCESS reported that SIRIUSXM CEO MEL KARMAZIN would sell off a large chunk of his stock in the company for "philanthropic efforts."
Well, KARMAZIN has made that move, selling close to 14 million of his options at prices of $1.97 and $1.98.
KARMIZIN also exercised options on the same number of shares at $0.43. The options have an expiration date of DECEMBER 31st, 2014.