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bloomberg.com : Michael Lazaridis, co-chief executive officer of Research in Motion Ltd., filed a notice ... BlackBerry News forum

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    cherrichiodo's Avatar
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    Research in Motion’s Co-CEO Files for Sale of 4 Million Shares

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    bloomberg.com: Michael Lazaridis, co-chief executive officer of Research in Motion Ltd., filed a notice of sale for almost 4 million shares in the maker of the BlackBerry mobile phone.

    A company controlled by Lazaridis, 1258701 Ontario Ltd., filed for the sale of 3.97 million common shares with the U.S. Securities and Exchange Commission on April 21. The notice for the sale, which has a current market value of about $275 million, was filed on paper and unavailable electronically.

    The filing listed an approximate sale date of April 8, with Goldman Sachs Group Inc. handling the transaction.

    Tenille Kennedy, a RIM spokeswoman, declined to comment.

    The Waterloo, Ontario, company released a first-quarter profit forecast on April 2 above analyst estimates, reflecting increased sales of new models. RIM shares have since jumped about 40 percent.


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    i dont think the 4million shares will put a major dent he still has the majority haha

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    bmanley's Avatar
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    Hey Cherri how about we get all the pinstacker together and buy the shares? Maybe we could get good info on new phones coming out and maybe good prices!!!!! It's only $275 million

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