24/7 Wall St.
06-16-2008, 04:50 PM
24/7 Wall St. Daily News
A fed filing today from FRANKLIN RESOURCES INC. (NYSE: BEN) indicates that Chairman of the Board Charles Johnson sold 400,000 on June 13 in two transactions at $104.78. The value of the transaction before fees was $41.912 million. Normally this might show up as a huge flag because of the size, but after looking further at that filing he still holds more than 35.4 million shares in direct ownership and holds more than 9 million more in his IRA, 401K, and in spouse's Trust. Franklin Resources has a market cap north of $25 Billion and trades over 1.8 million shares...http://feeds.feedburner.com/~f/typepad/RyNm?i=6zfphI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6zfphI) http://feeds.feedburner.com/~f/typepad/RyNm?i=UALKQI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=UALKQI) http://feeds.feedburner.com/~f/typepad/RyNm?i=EUfmVi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=EUfmVi)
complete story here... (http://www.247wallst.com/2008/06/franklin-resour.html)
A fed filing today from FRANKLIN RESOURCES INC. (NYSE: BEN) indicates that Chairman of the Board Charles Johnson sold 400,000 on June 13 in two transactions at $104.78. The value of the transaction before fees was $41.912 million. Normally this might show up as a huge flag because of the size, but after looking further at that filing he still holds more than 35.4 million shares in direct ownership and holds more than 9 million more in his IRA, 401K, and in spouse's Trust. Franklin Resources has a market cap north of $25 Billion and trades over 1.8 million shares...http://feeds.feedburner.com/~f/typepad/RyNm?i=6zfphI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6zfphI) http://feeds.feedburner.com/~f/typepad/RyNm?i=UALKQI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=UALKQI) http://feeds.feedburner.com/~f/typepad/RyNm?i=EUfmVi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=EUfmVi)
complete story here... (http://www.247wallst.com/2008/06/franklin-resour.html)