Watch CBS News

Facebook COO Sandberg Pulls In $91M From Stock Sale

MENLO PARK (CBS/AP) -- Facebook's chief operating officer, Sheryl Sandberg, has sold $91 million worth of shares in the social networking company.

The sale was part of a pre-determined trading plan that was set up in 2012. It came a week after Facebook's stock passed its $38 IPO price for the first time since going public in May 2012.

According to a regulatory filing from Friday, Sandberg sold the shares in the company on Aug. 7 for prices ranging from $37.79 to $38.93.

(Copyright 2013 by CBS San Francisco. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.