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

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Dollars per Share<br />

<strong>Enron</strong> <strong>Corp</strong>.<br />

Defendant J. McMahon's Quarterly Shares Sold (Dollar Volume)<br />

June 1996 - November 2001<br />

$100<br />

$80<br />

$60<br />

$40<br />

$20<br />

$0<br />

(p) Defendant Jeffrey McMahon ("McMahon") was Executive Vice <strong>President</strong>,<br />

Finance and Treasurer <strong>of</strong> <strong>Enron</strong> since 7/99. Prior to that he was Senior Vice <strong>President</strong>, Finance and<br />

Treasurer from 7/98-7/99, and from 94-7/98 was Chief Financial <strong>Office</strong>r <strong>of</strong> <strong>Enron</strong> Europe. During<br />

the Class Period, while in possession <strong>of</strong> adverse undisclosed information about the Company,<br />

McMahon sold 39,630 shares <strong>of</strong> his <strong>Enron</strong> stock for $2,739,226 in illegal insider trading proceeds.<br />

McMahon also received bonus payments <strong>of</strong> $3.3 million, in addition to his salary, for 97, 98, 99 and<br />

00 based on <strong>Enron</strong>'s false financial reports and because <strong>Enron</strong> stock hit certain performance targets.<br />

This defendant's insider selling before and during the Class Period is shown below:<br />

Summary <strong>of</strong> Insider Sales:<br />

Pre - Class Period Shares sold: 0<br />

Proceeds from Sales: $0<br />

Class Period Shares sold: 39,630<br />

Proceeds from Sales: $2,739,226<br />

% <strong>of</strong> holdings sold: 29%<br />

<strong>Enron</strong> Stock Price<br />

Insider Sales<br />

J S D M J S D M J S D M J S D M J S D M J S D M<br />

1996 1997 1998 1999 2000 2001<br />

- 80 -<br />

Class Period<br />

10/19/98 - 11/27/01<br />

$3,000<br />

$2,400<br />

$1,800<br />

$1,200<br />

$600<br />

$0<br />

Proceeds (Thousands)

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