Former President of Rambus Sells 14.7 Million Dollars In Stock
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David Mooring, a former president of Rambus and a current member of its board, pulled in $14.7 million in February and March by exercising options to buy and then sell the company’s stock. In January he took in $8.5 million.
Rambus shares are on fire this year, having risen more than 160 percent since the end of 2005. They touched a 52-week high of $42.90 Friday before closing at $42.41. Mooring, a graduate of Cupertino High School and Santa Clara University, spent $18.4 million exercising options allowing him to buy 1.2 million shares at prices ranging from $4.86 to $15.67, and then sold 87 percent of the shares for $33.1 million at prices ranging from $30 to $33.64 each.
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