BROOKFIELD, Wis. – Former FDIC Chairman William Seidman, now a Fiserv director, took advantage of a run-up in Fiserv shares to new highs this week by cashing in his remaining 35,436 options to net a quick $1.5 million. Seidman, who became famous as during the S&L bailout when he headed the Resolution Trust Corp., exercised 843 options at $10.67 and 34,593 options at $11.11, then sold all of the share Monday at $53.27, as they hit a new high, according to a filing with the Securities and Exchange Commission. Fiserv shares closed yesterday at a new high of $53.78. Seidman, now 84, has been a Fiserv director since 1992 when he retired from the S&L bailout.
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