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Insider Trading: BUSINESS OBJECTS S.A.

Monthly summaries of insider trading activities (stock purchases, sales, and option exercises) reported by insiders of BUSINESS OBJECTS S.A. since year 2005 are given in the first table. The second table lists detailed insider transactions reported by BUSINESS OBJECTS S.A. since 2005. The reporting company's ticker symbol is BOBJ. The reporting company's CIK number is 928753. The total value of stock buying during this period is $15,356. The total value of stock sales is $450,687,009. The total value of stock exercises is $957,608.

Figure 1. Monthly insider transaction values at BUSINESS OBJECTS S.A. (BOBJ) in the past 24 months. The trade values of insider stock buys, sales, and option exercises are in logarithmic scale as shown on the right axis labels. The detailed monthly and daily insider transactions are listed in the 2 tables below.

  • 06

  • 07

  • 08

  • 09

  • 10

  • 11

  • 12

  • 01 2007

  • 02

  • 03

  • 04

  • 05

  • 06

  • 07

  • 08

  • 09

  • 10

  • 11

  • 12

  • 01 2008

  • 02

  • 03

  • 04

  • 05

  • $27,828k

    $2,782k

    $278k

    $27k

  • Buy
  • Sale
  • Option Exercise

Figure 2. Average prices of insider buys, sales, and option exercises at BUSINESS OBJECTS S.A. (BOBJ) in the past 24 months. See table 2 for insider transaction details.

  • 06

  • 07

  • 08

  • 09

  • 10

  • 11

  • 12

  • 01 2007

  • 02

  • 03

  • 04

  • 05

  • 06

  • 07

  • 08

  • 09

  • 10

  • 11

  • 12

  • 01 2008

  • 02

  • 03

  • 04

  • 05

  • $61.44

    $46.08

    $30.72

    $15.36



Table 1. Monthly summaries of insider stock purchases, sales, and option exercises for BUSINESS OBJECTS S.A. (BOBJ).
Trading Period
year-month  
Insider Buying     
Shares               Value ($)
Insider Sales     
Shares               Value ($)
Option Exercises     
Shares               Value ($)
2008-01 3,793,176 0 451,762 27,828,661 1,072,347 0
2007-12 0 0 266,100 16,222,000 310,982 0
2007-09 0 0 0 0 12,225 0
2007-08 0 0 87,500 3,832,826 37,500 0
2007-07 0 0 43,807 1,930,608 8,807 27,981
2007-06 0 0 19,545 786,338 19,545 44,541
2007-05 0 0 124,013 4,867,459 49,013 112,827
2007-03 0 0 15,000 517,633 49,593 0
2007-02 400 15,356 316,779 11,858,032 185,831 772,259
2007-01 0 0 15,000 580,111 15,000 0
2006-12 0 0 15,000 577,510 23,000 0
2006-11 0 0 134,600 4,868,266 52,500 0
2006-10 0 0 15,000 513,045 15,000 0
2006-09 0 0 15,000 470,001 63,185 0
2006-08 0 0 135,560 3,336,245 47,500 0
2006-06 0 0 5,000 150,047 5,000 0
2006-05 0 0 181,300 5,914,801 44,900 0
2006-04 0 0 15,000 565,203 15,000 0
2006-03 0 0 45,000 1,657,509 107,500 0
2006-02 0 0 794,690 29,769,714 37,500 0
2005-12 0 0 0 0 50,000 0
2005-11 0 0 9,550,000 334,441,000 0 0

Table 2. Detailed insider stock purchases, sales, and option exercises for BUSINESS OBJECTS S.A. (BOBJ)
  Trade Date   Insider Name Trade Type     Shares       Price ($)   Value ($)
2008-01-23 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 537,500 .00 0
2008-01-21 Sap France S.a. (10% Owner) Purchase 574,090 .00 0
2008-01-18 Sap France S.a. (10% Owner) Purchase 279,174 .00 0
2008-01-18 Kennedy David (SVP General Counsel, Corp. Sec) Sale 113,515 61.27 6,954,995
2008-01-18 Kennedy David (SVP General Counsel, Corp. Sec) Option Exercise 133,000 .00 0
2008-01-18 Tolonen James R (Chief Financial Officer) Sale 43,247 61.27 2,649,717
2008-01-18 Tolonen James R (Chief Financial Officer) Option Exercise 54,972 .00 0
2008-01-17 Sap France S.a. (10% Owner) Purchase 698,768 .00 0
2008-01-16 Sap France S.a. (10% Owner) Purchase 2,241,144 .00 0
2008-01-16 Schwarz John (Chief Executive Officer) Sale 295,000 61.78 18,223,949
2008-01-16 Schwarz John (Chief Executive Officer) Option Exercise 346,875 .00 0
2007-12-31 Schwarz John (Chief Executive Officer) Sale 112,000 60.84 6,814,472
2007-12-31 Schwarz John (Chief Executive Officer) Option Exercise 127,571 .00 0
2007-12-28 Schwarz John (Chief Executive Officer) Sale 98,100 61.22 6,005,495
2007-12-28 Schwarz John (Chief Executive Officer) Option Exercise 116,904 .00 0
2007-12-27 Schwarz John (Chief Executive Officer) Sale 56,000 60.75 3,402,033
2007-12-27 Schwarz John (Chief Executive Officer) Option Exercise 66,507 .00 0
2007-09-15 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 12,225 .00 0
2007-08-06 Liautaud Bernard (Chairman of the Board and CSO) Sale 87,500 43.80 3,832,826
2007-08-06 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 37,500 .00 0
2007-07-27 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Sale 3,807 44.50 169,411
2007-07-27 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Option Exercise 3,807 7.35 27,981
2007-07-27 Schwarz John (Chief Executive Officer) Sale 35,000 44.35 1,552,250
2007-07-16 Tolonen James R (Chief Financial Officer) Sale 5,000 41.79 208,947
2007-07-16 Tolonen James R (Chief Financial Officer) Option Exercise 5,000 .00 0
2007-06-15 Tolonen James R (Chief Financial Officer) Sale 15,000 40.25 603,742
2007-06-15 Tolonen James R (Chief Financial Officer) Option Exercise 15,000 .00 0
2007-06-05 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Sale 4,545 40.18 182,596
2007-06-05 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Option Exercise 4,545 9.80 44,541
2007-05-23 Schwarz John (Chief Executive Officer) Sale 25,000 40.67 1,016,750
2007-05-21 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Sale 11,513 39.91 459,440
2007-05-21 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Option Exercise 11,513 9.80 112,827
2007-05-07 Liautaud Bernard (Chairman of the Board and CSO) Sale 87,500 38.76 3,391,269
2007-05-07 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 37,500 .00 0
2007-03-15 Schwarz John (Chief Executive Officer) Option Exercise 24,779 .00 0
2007-03-15 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 9,814 .00 0
2007-03-05 Tolonen James R (Chief Financial Officer) Sale 15,000 34.51 517,633
2007-03-05 Tolonen James R (Chief Financial Officer) Option Exercise 15,000 .00 0
2007-02-26 Lauk Kurt J (Director) Sale 30,000 28.46 853,860
2007-02-23 Lauk Kurt J (Director) Option Exercise 30,000 .00 0
2007-02-15 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Sale 24,877 38.89 967,434
2007-02-15 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Option Exercise 24,529 .00 0
2007-02-14 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Sale 78,802 38.40 3,026,343
2007-02-14 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Option Exercise 78,802 9.80 772,259
2007-02-12 Liautaud Bernard (Chairman of the Board and CSO) Purchase 400 38.39 15,356
2007-02-12 Liautaud Bernard (Chairman of the Board and CSO) Sale 87,100 38.25 3,330,886
2007-02-12 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 37,500 .00 0
2007-02-05 Tolonen James R (Chief Financial Officer) Sale 15,000 38.91 583,708
2007-02-05 Tolonen James R (Chief Financial Officer) Option Exercise 15,000 .00 0
2007-01-05 Tolonen James R (Chief Financial Officer) Sale 15,000 38.67 580,111
2007-01-05 Tolonen James R (Chief Financial Officer) Option Exercise 15,000 .00 0
2006-12-27 Tolonen James R (Chief Financial Officer) Option Exercise 8,000 .00 0
2006-12-05 Tolonen James R (Chief Financial Officer) Sale 15,000 38.50 577,510
2006-12-05 Tolonen James R (Chief Financial Officer) Option Exercise 15,000 .00 0
2006-11-06 Tolonen James R (Chief Financial Officer) Sale 15,000 36.11 541,650
2006-11-06 Tolonen James R (Chief Financial Officer) Option Exercise 15,000 .00 0
2006-11-06 Liautaud Bernard (Chairman of the Board and CSO) Sale 87,500 36.33 3,163,278
2006-11-06 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 37,500 .00 0
2006-10-05 Tolonen James R (Chief Financial Officer) Sale 15,000 34.20 513,045
2006-10-05 Tolonen James R (Chief Financial Officer) Option Exercise 15,000 .00 0
2006-09-27 Tolonen James R (Chief Financial Officer) Sale 10,000 33.00 330,000
2006-09-27 Tolonen James R (Chief Financial Officer) Option Exercise 10,000 .00 0
2006-09-12 Schwarz John (Chief Executive Officer) Option Exercise 48,185 .00 0
2006-09-05 Tolonen James R (Chief Financial Officer) Sale 5,000 28.00 140,001
2006-09-05 Tolonen James R (Chief Financial Officer) Option Exercise 5,000 .00 0
2006-08-17 Tolonen James R (Chief Financial Officer) Sale 10,000 28.02 280,158
2006-08-17 Tolonen James R (Chief Financial Officer) Option Exercise 10,000 .00 0
2006-08-07 Liautaud Bernard (Chairman of the Board and CSO) Sale 72,500 24.37 1,762,131
2006-08-07 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 37,500 .00 0
2006-06-05 Tolonen James R (Chief Financial Officer) Sale 5,000 30.01 150,047
2006-06-05 Tolonen James R (Chief Financial Officer) Option Exercise 5,000 .00 0
2006-05-08 Liautaud Bernard (Chairman of the Board and CSO) Sale 87,500 32.66 2,854,087
2006-05-08 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 37,500 .00 0
2006-05-05 Tolonen James R (Chief Financial Officer) Sale 7,400 32.82 242,833
2006-05-05 Tolonen James R (Chief Financial Officer) Option Exercise 7,400 .00 0
2006-04-05 Tolonen James R (Chief Financial Officer) Sale 15,000 37.68 565,203
2006-04-05 Tolonen James R (Chief Financial Officer) Option Exercise 15,000 .00 0
2006-03-31 Schwarz John (Chief Executive Officer) Option Exercise 50,000 .00 0
2006-03-16 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 12,500 .00 0
2006-03-07 Tolonen James R (Chief Financial Officer) Sale 25,800 36.62 944,918
2006-03-07 Tolonen James R (Chief Financial Officer) Option Exercise 25,800 .00 0
2006-03-06 Tolonen James R (Chief Financial Officer) Sale 4,200 38.12 160,088
2006-03-06 Tolonen James R (Chief Financial Officer) Option Exercise 4,200 .00 0
2006-02-16 Liautaud Bernard (Chairman of the Board and CSO) Sale 77,500 37.87 2,927,827
2006-02-15 Liautaud Bernard (Chairman of the Board and CSO) Sale 120,000 38.24 4,577,578
2006-02-14 Liautaud Bernard (Chairman of the Board and CSO) Sale 120,000 36.92 4,424,265
2006-02-13 Liautaud Bernard (Chairman of the Board and CSO) Sale 120,000 36.98 4,440,215
2006-02-13 Liautaud Bernard (Chairman of the Board and CSO) Option Exercise 37,500 .00 0
2005-12-30 Schwarz John (Director) Option Exercise 50,000 .00 0
2005-11-09 Roux David J (Director) Sale 9,550,000 35.02 334,441,000

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above tables cannot be completely guaranteed as to their accuracy. For more insider trading information of BUSINESS OBJECTS S.A. (symbol BOBJ, CIK number 928753) see the Securities and Exchange Commission (SEC) website.

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