SIRIUS XM Radio (SIRI) CEO Blows Out Over 11M Shares

April 18, 2012 4:20 PM EDT
SIRIUS XM Radio Inc. (Nasdaq: SIRI) CEO Mel Karmazin sold a bunch of stock recently after exercising options.

He sold 5,965,800 shares on 4/16 at $2.18 after exercising options at $ 0.43. He sold an additional 5,514,900 shares on 4/17 after exercising options at $ 0.43.

The options were set to expire 12/31/2014.

The sales came pursuant to the Sales Plan adopted by Mr. Karmazin on February 16, 2012.

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