Goldman Sachs Partners Reap $175 Million From ’08 Options
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Goldman Sachs Group Inc. partners exercised more than 4 million options that were awarded at the end of 2008, reaping $175 million while cutting their ownership of the firm in recent weeks.
The partners owned 10.2 percent of the company’s shares on Feb. 21, down from 11 percent a month earlier, according to a regulatory filing yesterday. Eighty-two partners exercised options from Jan. 28 to Feb. 21 that yielded $175 million after covering the cost of the options and some tax withholding, the filing shows.