Mark Hurd Files to Sell $30 Million H-P Stake

Mark Hurd filed to sell a $30 million stake in Hewlett-Packard Co. (HPQ) almost three weeks after stepping down as CEO of the world’s biggest PC maker. Hurd notified the SEC he intended to sell as many as 775,000 common shares, according to the Washington Service, a co. that tracks insider transactions. The filing shows Hurd planned to sell on Aug. 23 through BofA’s (BAC) Merrill Lynch. With HP closing at $39.04 that day, the sale would have raised $30.3 million. – Bloomberg

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