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Expedia CEO had planned big stock sale | |
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| Time: 02:36 EST/07:36 GMT | News Source: Reuters | Posted By: Alex Harris | ||
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Expedia Chief Executive Richard Barton last month planned to sell $8.2 million worth of stock in the online travel company, a Securities and Exchange Commission document showed Wednesday. In a filing dated April 26, Barton said he intended to sell 100,000 shares he had acquired by exercising options from 1997. On the same day, Expedia director Thomas Breitling filed an intention to sell 119,200 shares, valued around $9.2 million. A spokeswoman for the Bellevue, Wash.-based company was not immediately available to comment on whether Barton and Breitling had actually made the sales. In January, Expedia blew Wall Street's second-quarter estimates out of the water, posting earnings of $19 million excluding charges, compared with a $2.6 million loss a year earlier. | ||
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