According to CBS MarketWatch:
Yahoo Chairman Terry Semel sold 500,000 shares via exercised stock options just a few days after his company announced a pact to acquire online advertising firm Overture Services, according to regulatory filing disclosed Friday.
Semel exercised the Yahoo (YHOO: news, chart, profile) options and sold the shares in two parts on July 16. He exercised 437,500 shares at $9.24 and 62,500 shares at $16.46. All of the shares were sold at prices ranging from $32 to $32.64, according to the filing.
You do the math.
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