Three Sirius XM executives exercised options and sold 1.9 million...
Three Sirius XM executives exercised options and sold 1.9 million shares, according to SEC filings. Chief Financial Officer David Frear and General Counsel Patrick Donnelly each sold 553,750 shares, while board member Jack Shaw disposed of 838,833. More than 30…
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million Sirius XM shares have been sold since the end of Q3 in September. With Liberty Media awaiting FCC approval to take control of Sirius, executives and board members of the satellite-radio company have exercised more than 170 million options and sold shares. Since the start of the year, Liberty Media has bought 650 million shares of Sirius XM. Liberty owns 49.76 percent of Sirius XM. Sirius CEO Mel Karmazin, who is leaving the company Feb. 1, has 30 million options vesting on Dec. 31 at an exercise price of 43 cents.