Akamai Technologies director just disposed of 30,663 shares

Paul Sagan, a director of Akamai Technologies, recently disposed of 30,663 shares of the company. The disposals took place at prices ranging from $0.00 to $61.09 per share, on dates ranging from June 17 to June 30, 2014. Sagan still owns 568,482 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Sagan operates out of Cambridge, MA. Some additional info was provided as follows:

Shares were gifted to The Paul and Ann Sagan Philanthropy Fund. Held by the Paul Sagan Revocable Trust. Mr. Sagan disclaims beneficial ownership of shares held by the Paul Sagan Revocable Trust except to the extent of his pecuniary interest therein. Sale was made pursuant to a Rule 10b5-1 Plan adopted by Mr. Sagan on December 16, 2013. Average sale price per share. Held in trust on behalf of Mr. Sagan's children. Options vested in full on February 15, 2010.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Akamai Technologies next reports earnings on July 30, 2014.

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