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

Dollars per Share
Enron Corp.
Defendant R. Belfer's Quarterly Shares Sold * (Dollar Volume)
June 1996 - November 2001
$100
$80
$60
$40
$20
$0
(v) Defendant Robert A. Belfer ("Belfer") was at all relevant times, a director of
Enron. During the Class Period, while in possession of adverse undisclosed information about the
Company, Belfer sold 2,065,137 shares of his Enron stock for $111,941,200 in illegal insider trading
proceeds. This defendant's insider selling before and during the Class Period is shown below:
Summary of Insider Sales:
Pre - Class Period Shares sold: 95,560
Proceeds from Sales: $1,118,434
Class Period Shares sold: 2,065,137
Proceeds from Sales: $111,941,200
% of holdings sold: 20%
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
- 88 -
Class Period
10/19/98 - 11/27/01
* Includes shares and values of Def. Belfer's Costless Collars and Conv. Stock Transfers to an Exchange Fund
$50
$40
$30
$20
$10
$0
Proceeds (Millions)