Very interesting.


EBay CEO Meg Whitman Exercises Options on 640,000 Shares Under Prearranged Trading Plan

June 19, 2007 - 2:54 p.m.

NEW YORK (AP) - The chief executive officer of online auction site eBay Inc. exercised options on 640,000 shares under a prearranged trading plan, according to a document filed with the Securities and Exchange Commission on Monday.

In a Form 4 filed with the SEC, Margaret "Meg" Whitman reported she exercised options to buy 640,000 shares of common stock on Thursday and Friday for $10.02 apiece. She sold the shares the same day for $31.74 and $31.97 each.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

eBay is based in San Jose, Calif.