A senior vice president of Google Inc., Omid Kordestani sold around 6000 shares of common stock. This was revealed by the Securities and Exchange Commission on Wednesday. This was reported by CNNMoney.com.
In a Form 4 filed with the Securities and Exchange Commission, Omid Kordestani sold the shares on Monday for a good amount of $570.85 to $583.99 apiece.
Insiders file Form 4s with the Securities and Exchange Commission to report any such transactions in their companies' shares. Open market purchases and sales has to be reported within two business days of the transaction.