BROOKFIELD, Wis. - (05/23/06) Fiserv founder and former CEOLeslie Muma continues to cash in his options and sell down hisstake in the financial services conglomerate he built, as heprepares to exit the company. Muma exercised another 189,000 Fiservoptions at $21 on May 6, then sold 156,000 shares that same day for$45 each, according to a filing with the Securities and ExchangeCommission. The former Fiserv executive has earned almost $9million this year by cashing in his options and more than $60million over the past five years. Muma now owns only 433,000 Fiservshares, well less than 1% of the companys shares.
Fiservs Muma TrimsHoldings
May 23, 2006, 1:00 a.m. EDT
1 Min Read
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