Ovitz Does More Insider Buying of Opsware

It was a happy Pi Day 2007 for Michael Ovitz.

   "Director Michael Ovitz purchased a total of 100,000 shares at 
    $6.40 to $6.57 on March 14th and March 15th, increasing his 
    holdings to 983,312 shares. It was the seventh time since 
    April 2004 that Ovitz has purchased shares of Opsware, and 
    the first time since June 2006, when he took down 100,000 
    shares at $6.98. Since May 2005, Ovitz has purchased 647,200 
    shares at an average price of $5.92."

According to the Wikipedia, Ovitz become president of Walt Disney Company and he was dismissed fourteen months after taking office. His severence package included $38 million in cash and $100 million in stock.

Quote.Yahoo.com:: OPSW

Exercises
  1. Using approximation, Ovitz has invested a total of about $______________ in Opsware since May 2005.

  2. At the time of this BAB there were approximately 101.13 million OPSW shares; therefore, Ovitz owns approximately ______% of the company's outstanding stock. [record answer to nearest tenth]

  3. On 14 March 2007 (Pi Day), Ovitz invested $371,200 in Opsware by purchasing 58,000 OPSW shares for $________ per share.


Creator: Gerald D. Thurman [gthurman@gmail.com]
Created: 22 March 2007

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