Between January 29th and February 8th six officers of McDonald's Corporation sold over 47,400 shares of McDonald's for a total value of over $4,400,000.00.
This was not all profit as most of the transactions involved the exercise of stock options and
as yet the option purchase price is not reported on all transactions. A good estimate would
be the option purchase price was $35.00 to $40.00 a share. The average share price at the
time of exercise and sale was about $93.00.
Don Thompson was the big winner exercising his option on 25,299 shares at $32.60 a share
and immediately selling them at $92.66. for a profit over $1.5 million.
Maybe Don's going to buy a McDonald's franchise?
Source: Yahoo Finance and Edger-Online HERE