September 21, 2007 / 8:01 PM / in 12 years

Former Wal-Mart CEO sells 300,000 shares

NEW YORK, Sept 21 (Reuters) - David Glass, a former chief executive of Wal-Mart Stores Inc (WMT.N) who stepped down in 2000, revealed on Friday that he sold about 300,000 shares of the retailer this week.

Glass, who now serves on Wal-Mart’s board of directors, disclosed in a U.S. Securities and Exchange filing that he had sold the shares on Wednesday through Friday, for prices ranging from $44 to $45.02 per share.

The sale represented about 20 percent of his holdings, according to data tracker InsiderScore.com.

Wal-Mart shares hit their lowest level since late 2000 on Sept. 10, but have rebounded by about 5 percent since then.

Wal-Mart shares were down 1 cent at $44.31 in late trading on Friday on the New York Stock Exchange.

Reporting by Emily Chasan

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below