Thursday, December 27, 2007

Nestle Insider Transaction

Wow, good timing, Mr. Brabeck-Letmathe?!

According to the SWX Swiss Exchange:
IssuerNestlé AG
Transaction date12.12.2007 by an executive member of the board of directors / member of senior management
Type of transactionSale of 20'000 securities amounting to CHF 11'000'000.00 (CHF 550.00 / security)
Type of securityEquity securities
ISINcf. remarks on the product
Remarks on the productExercise de Management Stock Options
Or are there any other executive members of the board of directors?

The all time high of Nestle was CHF 550.50 at 2007-11-15 and this sale was less than 1 permille below it. Anyway, today's price is still only -4.82 % below that sale price.

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