mp3.com is a publicly traded company and this stock purchase was publicly documented by the SEC. Amos got 22,500 shares of stock while Morissete's management co. got 658,638 shares at a price of $37/share for a total of $800K and $24M.
For the curious...
MP3.com was incorporated in March 1998.
MP3.com went public on July 21, 1999, on, the Nasdaq National Market under the ticker symbol MPPP. The offering price was $28 per share. On August 28, 2001, the aqusition of MP3.com by Vivendi Universal, S.A. was completed. At that time, MP3.com became a wholly-owned subsidiary of Vivendi Universal, S.A.
Wednesday, 22 November, 2000, Alanis Morissette sold $433,000 worth of shares, having sold $1.5m worth of shares in the previous three months. Share prices were $5.77 on Sep 8, 2000 after settling the lawsuit with Universal.
On August 28, 2001, MP3.com (MPPP) was delisted on the Nasdaq National Market and bought by Vivendi Universal for $372 million, or $5 a share, a 66 percent premium over its $3 stock price at that time.
Michael Roberts, CEO, declined to continue his work with MP3.com under Vivendi. He is now CEO of Lindows.
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Re:stock options
Posted by: DCallaghan on July 16, 2002 05:04 AMFor the curious...
MP3.com was incorporated in March 1998.
MP3.com went public on July 21, 1999, on, the Nasdaq National Market under the ticker symbol MPPP. The offering price was $28 per share. On August 28, 2001, the aqusition of MP3.com by Vivendi Universal, S.A. was completed. At that time, MP3.com became a wholly-owned subsidiary of Vivendi Universal, S.A.
Wednesday, 22 November, 2000, Alanis Morissette sold $433,000 worth of shares, having sold $1.5m worth of shares in the previous three months. Share prices were $5.77 on Sep 8, 2000 after settling the lawsuit with Universal.
On August 28, 2001, MP3.com (MPPP) was delisted on the Nasdaq National Market and bought by Vivendi Universal for $372 million, or $5 a share, a 66 percent premium over its $3 stock price at that time.
Michael Roberts, CEO, declined to continue his work with MP3.com under Vivendi. He is now CEO of Lindows.
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