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Message: An example of how S&L could responsibly move some of their shares.

An example of how S&L could responsibly move some of their shares.

posted on Apr 19, 2007 12:30PM

Note second part of announcment in bold.

SAN FRANCISCO (CBS.MW) -- Oracle (ORCL

Oracle Corporation
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ORCL ) revealed in a regulatory filing Wednesday that CEO Larry Ellison exercised 1 million stock options on Tuesday priced at about $1.69 a share and sold them the same day at prices ranging from $11.38 to $11.87 a share, netting nearly $10 million. The company announced last month that Ellison plans to sell 120 million of his roughly 1.4 billion Oracle shares over the next year, as part of a stock-selling plan. Oracle shares rose 13 cents to $11.83 in midsession trading.

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