Short Take: CA's Wang to sell 900,000 shares
Computer Associates chief executive Charles Wang has filed plans to sell 900,000 shares of his company's stock, or about 4 percent of his total holdings. Wang, who owns about 25.5 million shares of CA stock, could earn $43.3 million from the sale, according to documents filed with the Securities Exchange Commission. A proxy statement filed last July shows that 1.9 million of Wang's holdings were in stock options. The company head sold 600,000 shares in 1998 and 800,000 shares in 1997.
chief
executive Charles Wang has filed plans to sell 900,000 shares of his
company's stock, or about 4 percent of his total holdings. Wang, who owns
about 25.5 million shares of CA stock, could earn $43.3 million from the
sale, according to documents filed with the Securities Exchange Commission. A proxy
statement filed last July shows that 1.9 million of Wang's holdings were in
stock options. The company head sold 600,000 shares in 1998 and 800,000
shares in 1997.