Since August of 2005 he exercised stock options and cash settlements from stock options for over 1,500,000. euros. From the http://www.bang-olufsen.com/page.asp?id=101 insider trading.
President, CEO, Torben Ballegaard Sørensen has requested a cash settlement of options
previously awarded. The cash settlement amounts to 8,562,400 DKK.
Torben Ballegaard Sørensen has previously been awarded 35,000 options, which entit-
led him to purchase 35,000 shares at a share price of 360. The cash settlement has been
carried out based on a share price of 604.64, which corresponds to the average trading
price for Bang & Olufsen a/s’ B-shares, on the Copenhagen Stock Exchange for the pre-
vious 4 trading days.
Name Torben Ballegaard Sørensen
Reason President, CEO, in compliance with article 28a
(2.1.) of the Danish Securities Trading Act
Issuer Bang & Olufsen a/s
ISIN DK0010218429
Designation Shares
Nature of Transaction Purchase (Execution of options)
Trading Date 15th of August 2005
Market Copenhagen Stock Exchange
Number 10.000
Market price (DKK) 2.010.000,00
Name Torben Ballegaard Sørensen
Reason President, CEO, in compliance with article 28a
(2.1.) of the Danish Securities Trading Act
Issuer Bang & Olufsen a/s
ISIN DK0010218429
Designation Shares
Nature of Transaction Sale
Trading Date 15th of August 2005
Market Copenhagen Stock Exchange
Number 10.000
Market price (DKK) 4.731.000,00