IBM Execs dump million$ of stock. Company BORROWS money to cover.
I.B.M. Borrows $11.5 BILLION to Buy Back Stock
By THE ASSOCIATED PRESS
Published: May 30, 2007
I.B.M. disclosed yesterday that it was taking on $11.5 billion in debt to
finance an acceleration of its stock repurchase plan, which the company
believes is one of the largest such steps ever.
http://www.nytimes.com/2007/05/30/technology/30ibm.html?partner=rssnyt&emc=rss
INSIDER TRANSACTIONS REPORTED
Date Insider Shares Type Transaction Value*
21-Nov-07 DANIELS MICHAEL E
Officer 1,466 Direct Option Exercise at $51.16 - $51.16 per share. $75,0002
21-Nov-07 MOFFAT ROBERT W JR
Officer 18,446 Direct Option Exercise at $51.16 - $51.16 per share.
$944,0002
21-Nov-07 MOFFAT ROBERT W JR
Officer 18,446 Direct Sale at $102.74 - $102.89 per share. $1,897,0002
19-Nov-07 PALMISANO SAMUEL J
Officer 120,000 Direct Option Exercise at $51.16 - $51.16 per share.
$6,139,0002
19-Nov-07 PALMISANO SAMUEL J
Officer 85,000 Direct Sale at $104.40 - $104.71 per share. $8,887,0002
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