Facebook CEO Reaps $3.3B Gain From Stock Options

MENLO PARK (CBS / AP) — Facebook CEO Mark Zuckerberg reaped a $3.3 billion gain last year by exercising stock options in the social networking company that he founded in a Harvard dorm room.

Facebook Inc. spelled out the windfall in regulatory documents filed Monday. It marks the second straight year that Zuckerberg has realized a huge gain from stock options. In 2012, he made $2.3 billion off his stock options.

The documents show Zuckerberg had no stock options remaining after exercising 60 million of them last year at a price of 6 cents per share. He then sold 41.35 million shares for $55.05 apiece in December primarily to cover his taxes.

The 29-year-old Zuckerberg still owns 426.3 million Facebook shares currently worth $25.7 billion.

Facebook paid Zuckerberg a $1 salary last year.

© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
Got Our Weather App?

Listen Live