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

Dollars per Share
Enron Corp.
Defendant J. Sutton's Quarterly Shares Sold (Dollar Volume)
June 1996 - November 2001
$100
$80
$60
$40
$20
$0
(r) Defendant Joseph W. Sutton ("Sutton") was, at all relevant times, Vice
Chairman of Enron until early 01. During the Class Period, while in possession of adverse
undisclosed information about the Company, Sutton sold 688,996 shares of his Enron stock for
$42,231,283 in illegal insider trading proceeds. Sutton also transferred 45,454 shares of his Enron
stock valued at $3,079,003 to the Company to pay the exercise price of options he was exercising
plus related tax withholding, such that much of his insider trading proceeds went directly into his
pocket. Sutton also received bonus payments of $2.3 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: 12,600
Proceeds from Sales: $340,400
Class Period Shares sold: 688,996
Proceeds from Sales: $42,231,283
% of holdings sold: 59%
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
- 84 -
Class Period
10/19/98 - 11/27/01
$15
$12
$9
$6
$3
$0
Proceeds (Millions)