Handspring head sells off shares

Handspring Chairman Jeff Hawkins has been selling shares in the handheld device company that he co-founded with CEO Donna Dubinsky and Chief Operating Officer Ed Colligan. Company representatives said the stock sales are part of a schedule Hawkins filed in early March with the U.S. Securities and Exchange Commission in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. Stock sales, which have been automatic and on a weekly basis, started Feb. 25.

Hawkins held 39,715,508 shares in Handspring as of Dec. 31, 2002, according to an Amended Statement of Beneficial Ownership form filed with the SEC on Feb. 14, 2003.