RE: raccoonThere was over a full page of discussions about this on 09/12/2006 starting in the early a.m. I suggest you take a look at that.
jdp and others explained it very well.
Key point is some money from options exercised go to the company.
Yes it is true that he sold a lot, but initially he picked up 1.8 million shares which is much more then he sold. Its interesting how the bashers leave that info out.