Google says more than 15,600 exchanged options
Google Inc. said Tuesday that more than 15,600 employees exchanged options to buy roughly 7.6 million company shares as part of an unusual program aimed at retaining the Internet giant's top talent even as its share price skids lower.
In a Form 4 filed with the SEC Tuesday, G. Marc Baumann reported he exercised the options on Monday for $3.17 apiece, then sold all 12,312 shares on the same day for $22 apiece.