J. Steven Whisler, Chairman and CEO at PHELPS DODGE CORP (PD), sold 92,000 shares at $131.56 ($11.8M) on 2006-03-08, disclosed to the SEC on 2006-03-10.
Scheduled sale ($11.8M) by Chairman and CEO under a pre-arranged 10b5-1 plan. Pre-set trade — not a discretionary signal on the stock.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.00 | 2,000 | $0 | 0.0% |
| 2 | $131.56 | 12,000 | $1.6M | 13.3% |
| 3 | $131.56 | 18,000 | $2.4M | 20.0% |
| 4 | $131.56 | 60,000 | $7.9M | 66.7% |
| Total | $128.70 avg | 92,000 | $11.8M | 100% |
| Filing → |
| PD | SELL | 2007-03-16 | $10.3M | — | Filing → |
| PD | SELL | 2007-03-15 | $10.5M | — | Filing → |
| BNI | SELL | 2006-05-01 | $240K | — | Filing → |