Enron Corp. - University of California | Office of The President

Dollars per Share
Enron Corp.
Defendant R. Buy's Quarterly Shares Sold (Dollar Volume)
June 1996 - November 2001
$100
$80
$60
$40
$20
$0
(i) Defendant Richard B. Buy ("Buy") was Executive Vice President and Chief
Risk Officer of Enron since 6/99, Senior Vice President and Chief Risk Officer from 3/99-7/99, and
Management Director and Chief Risk Officer of ECT from 1/98-3/99. Buy previously worked for
Bankers Trust, now part of Deutsche Bank. During the Class Period, while in possession of adverse
undisclosed information about the Company, Buy sold 140,234 shares of his Enron stock for
$10,656,595 in illegal insider trading proceeds. Buy also received bonus payments of over $1.6
million, in addition to his salary, for 97, 98, 99 and 00 based on Enron's false financial reports and
because Enron stock hit certain performance targets. This defendant's insider selling before and
during the Class Period is shown below:
Summary of Insider Sales:
Pre - Class Period Shares sold: 0
Proceeds from Sales: $0
Class Period Shares sold: 140,234
Proceeds from Sales: $10,656,595
% of holdings sold: 81%
Enron Stock Price
Insider Sales
J S D M J S D M J S D M J S D M J S D M J S D M
1996 1997 1998 1999 2000 2001
- 74 -
Class Period
10/19/98 - 11/27/01
$10
$8
$6
$4
$2
$0
Proceeds (Millions)