$ 745.5M of Facebook Inc (FB) stock sold by Channel Trustees Ltd As Trustee Of The Yury Milner Trust

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May 28, 2012 (MMD Newswire) -- Channel Trustees Ltd As Trustee Of The Yury Milner Trust sold 19,835,710 shares of Facebook Inc stock, or $745,465,653 worth, as noted in an SEC Filing today. As reported in the filing, the transactions occurred on May 22, 2012.

After the transaction, Channel Trustees Ltd As Trustee Of The Yury Milner Trust's stake was reported as 3,909,914 shares of Facebook Inc stock.

As noted on May 24, 2012, Channel Trustees Ltd As Trustee Of The Yury Milner Trust's sale was done partially through "See Footnote" over 2 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, Channel Trustees Ltd As Trustee Of The Yury Milner Trust has sold no shares of Facebook Inc stock. Over the same time period, Channel Trustees Ltd As Trustee Of The Yury Milner Trust 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 296,282,077 shares of Facebook Inc stock was sold by insiders, totaling $11,134,418,570. 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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