Medivation (MDVN) CEO Hung Sells $2.15M Shares

May 16, 2012 5:31 PM EDT
Medivation (Nasdaq: MDVN) is looking weaker in post-market trading following a larger sale by its CEO, disclosed in an SEC filing after the close.

According to the Form 4, CEO David Hung sold 25,000 shares on May 14th for an average price of $85.8574. Gross proceeds on the sale were $2.15 million.

Sales were made in accordance with a Rule 10b5-1 trading plan.

Following the sale, Hung still holds 1,089,274 shares of Medivation.


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