Salesforce.com Inc's Chairman of the Board and CEO just cashed-in 12,500 options

Marc Benioff, Salesforce.com Inc's Chairman of the Board and CEO and a director of the company, recently cashed-in 12,500 options. The options were exercised at $27.06, while the disposals took place between $67.40 and $69.03 per share, on October 05, 2016. Benioff continues to hold 35,020,500 shares of the company. Benioff operates out of San Francisco, CA. Some additional info was provided as follows:

Pursuant to a 10b5-1 Plan. Weighted average price. These shares were sold in multiple transactions at prices ranging from $66.9300 to $67.9300 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. Weighted average price. These shares were sold in multiple transactions at prices ranging from $67.9600 to $68.7600 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. Weighted average price. These shares were sold in multiple transactions at prices ranging from $69.0200 to $69.0300 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. Option is exercisable and vests over four years at the rate of 25% on November 22, 2012, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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