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Turner sold 5m { February 7 2003 } Original Source Link: (May no longer be active)    http://reuters.com/financeNewsArticle.jhtml?type=governmentFilingsNews&storyID=2190631 http://reuters.com/financeNewsArticle.jhtml?type=governmentFilingsNews&storyID=2190631 Ted Turner sold $5 mln in AOL stock after quitting Fri February 7, 2003 01:54 PM ET WASHINGTON, Feb 7 (Reuters) - Ted Turner sold $5 million in AOL Time Warner Inc. AOL.N shares a few days after the world's largest media company announced he was stepping down as vice chairman. Turner, who has routinely sold some of his AOL shares, sold 450,000 common shares for $11 to $11.26 each, according to a filing with the Securities and Exchange Commission released on Friday. He also gifted 1.7 million additional shares as part of his pledge of $100 million a year, for 10 years, to causes supported by the United Nations, the filing said. After the transactions, Turner, AOL's largest individual shareholder, directly held more than 117 million shares. AOL shares on Friday afternoon were trading down 39 cents, or 3.6 percent, at $10.45, on the New York Stock Exchange. At that price, Turner's holding of around 117 million shares would be valued at about $1.22 billion The 1.7 million shares were gifted on Jan. 31, while all of the stock sales occurred on Feb. 4, or several days after the New York-based company said Turner would leave his vice chairman post in May to devote more time to philanthropic and other interests. The transactions also came after AOL Time Warner posted a 2002 loss of nearly $100 billion, the largest annual corporate loss in U.S. history. Selling AOL shares isn't unusual for Turner. He has had an SEC-approved trading plan in place since May 2002 that allows him to sell stock from time to time. Prior to the February sales, he unloaded 500,000 shares in early August for about $10 a share. Turner has said he has lost $7 billion to $8 billion from the peak of AOL Time Warner's stock price to its low since AOL agreed to buy Time Warner in 2000.

100b losses { January 29 2003 } Accounting appropriate { July 18 2002 } Aol boss sold shares Aol discloses sec probe { July 25 2002 } Aol exec Aol hard to cancel { September 24 2003 } Aol losses 1m subscribers { June 4 2003 } Aol plans big cuts { January 10 2003 } Aol probe continues { March 29 2003 } Aol purchasepro fool investors { September 24 2003 } Aol subscribers down 846 000 { July 24 2003 } Aol time warner eliminate aol from name Aol tw blackhole { April 29 2002 } Aol tw sells 2bil Case quits { January 13 2003 } Crimimal probe { August 1 2002 } End of 2004 loses 646 thousand subscribers { December 7 2004 } Fbi continues aol probe Justice investigates aol Levin aol More sec probing { April 22 2003 } Oust case { September 17 2002 } Profits to plunge Steve case showdown { July 21 2002 } Time warner drops aol name { October 13 2003 } Turner fights case Turner levin aol { June 4 2002 } Turner retired Turner sold 5m { February 7 2003 } Turner take aol { September 18 2002 } Turner un { November 20 2001 } Unconventional { July 18 2002 } Wheres steve case { July 19 2002 } Wont rebound till 2004 { December 4 2002 } Files Listed: 34

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