SIRIUS XM Radio (SIRI) CEO Blows Out 7.6M Shares

June 19, 2012 4:22 PM EDT
As telegraphed, SIRIUS XM Radio Inc. (Nasdaq: SIRI) CEO Mel Karmazin just blew out a bunch more stock.

In an SEC filing after the close, it was disclosed that Karmazin sold 7,600,000 shares from 06/15-06/18 at prices from $1.83-$1.847.

The sales come following the exercising of options at $0.43. Those options were set to expire on 12/31/2014.

The sales, while widely expected, continue to be an overhang on the stock - which closed today at $1.94 up 4 percent.

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