Facebook Inc (FB) insider Li Ping sells $ 2.17B of stock; 8 Additional Transactions

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May 23, 2012 (MMD Newswire) -- Li Ping sold 57,726,901 shares of Facebook Inc stock, or $2,169,376,940 worth, as noted in an SEC Filing today. As reported in the filing, the transactions occurred on May 22, 2012.

In addition, Li Ping performed several other transactions, including using transaction codes 'C' (conversion of options).

As noted on May 22, 2012, Li Ping's sale was done indirectly through "By Accel Growth Fund Investors 2009 L.L.C." over 7 transactions on May 22, 2012. The share price for the transaction was $37.58 according to the regulatory filing detailing the trade.

If we look over the past 12 months, Li Ping has sold no shares of Facebook Inc stock. Over the same time period, Li Ping has purchased no shares of Facebook Inc stock.

Let's take a quick, high-level look at insider trading at Facebook Inc over the past 12 months. A total of 125,807,492 shares of Facebook Inc stock was sold by insiders, totaling $4,727,907,313. Over the same time 12 month time period, no shares of Facebook Inc were purchased by company insiders.

Source: SEC Filings

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