facebook
twitter
rss
account
search
search
 

CBS' Leslie Moonves sells stock for $11.6 million profit

July 6, 2013 at 1:04 PM   |   Comments

HOLLYWOOD, July 6 (UPI) -- CBS Corp. President and Chief Executive Officer Les Moonves sold 450,000 shares of company stock, earning an $11.6 million profit, a regulatory filing shows.

The filing shows Moonves bought the shares Monday and Tuesday at $23.19 a share, for a total of about $10.44 million under the exercise price on stock options he's allowed under a long-term incentive plan, The Hollywood Reporter said.

He then sold the shares in three lots Wednesday, one for an average of $49.02 a piece, another at an average of $49.10 and a third at an average of $49.51. The total sale was worth $22 million, giving him a profit of about $11.6 million, the filing said.

The purchase and sale were part of a regularly scheduled plan, a CBS spokesman said.

Topics: Les Moonves
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Joan Rivers' doctor reportedly took a selfie while comedienne was under anesthesia Joan Rivers' doctor reportedly took a selfie while comedienne was under anesthesia
2
Kourtney Kardashian shows off baby bump in crochet dress Kourtney Kardashian shows off baby bump in crochet dress
3
Prince Harry cancels birthday celebration over Kate Middleton's morning sickness Prince Harry cancels birthday celebration over Kate Middleton's morning sickness
4
Amy Winehouse tribute statue unveiled in London Amy Winehouse tribute statue unveiled in London
5
Benedict Cumberbatch poses as Mr. Darcy for charity Benedict Cumberbatch poses as Mr. Darcy for charity
Trending News
Video
x
Feedback