Hi all,

I guess he needs a little spending cash, while he looks for another job!

Take care,

Jay

Hurd filed to sell $30M in stock after HP exit

Silicon Valley / San Jose Business JournalThursday, August 26, 2010, 2:28pm PDT | Modified: Friday, August 27, 2010, 5:16am

Hurd filed to sell $30M in stock after HP exit - Silicon Valley / San Jose Business Journal

Mark Hurd filed to sell about $30 million of stock about three weeks after he resigned as CEO of Hewlett-Packard.

Former CEO Mark Hurd said in a regulatory filing this week that he planned to sell about $30 million in Hewlett-Packard Co. stock.

Bloomberg reported on Thursday that Hurd said in his Securities and Exchange Commission filing that he planned to sell 775,000 common shares.

It said he planned to sell on Monday when the stock closed at $39.04, which would have raised $30.3 million. The stock had dropped about 16 percent since the day Hurd resigned when it went for $46.30. It closed on Thursday at $38.22.

The move comes about three weeks after Hurd resigned on Aug. 6 following a sexual harassment claim by former actress and HP event greeter Jodie Fisher. An internal probe said it found no evidence to support her claim but discovered he had filed inaccurate expense reports to conceal a personal relationship with Fisher.

Hurd's severance package gave the former CEO until Sept. 7 to exercise options to buy 775,000 common shares. He was also given $12.2 million in cash.

Written by Cromwell Schubarth. Contact him at 408.299.1823 or cschubarth@bizjournals.com.

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