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Sheryl Sandberg sells Facebook shares worth $91 million

The sale was part of a pre-determined trading plan that was set up in 2012.

twitter-logo Associated Press   New York     Last Updated: August 13, 2013  | 00:00 IST

Facebook Chief Operating Officer Sheryl Sandberg has sold shares worth $91 million in the social networking company.

The sale was part of a pre-determined trading plan that was set up in 2012.

According to a regulatory filing from last week, Sandberg sold the shares in the California-based company on August 7 for prices ranging from $37.79 to $38.93.

The sale came a week after Facebook's stock passed its $38 IPO price for the first time since going public in May 2012.

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