Fiservs Mumas Continues ToTrim Holdings
BROOKFIELD, Wis. - (06/09/06) Fiserv founder and former CEOLeslie Muma continued to cash in his options and sell down hisstake in the financial services conglomerate he built by exercising240,000 options earlier this week. Muma exercised the options at$37 a share on Tuesday, then sold the shares for $44.50 each,earning a $2 million profit, according to a filing with theSecurities and Exchange Commission. Muma, who is retiring from thecompany, has earned almost $65 million by cashing in $100 millionworth of options since 2000. Records show he now owns or hasoptions to buy 462,000 Fiserv shares, less than a 1%stake.