PerkinElmer Incorporated (PKI)

[DewDiligence]

Friel exercised and sold another $1.5M worth of stock at $29 on 9/13/12 under a 10b5-1 plan:

http://www.sec.gov/Archives/edgar/data/31791/000118143112050543/xslF345X03/rrd356199.xml

The latest sale represented about 10% of Friel’s PKI shareholding; however, combined with the $1.4M sale in August (#msg-78331159) Friel has unloaded nearly $3M of stock in the past month or so under the new 10b5-1.

What should we expect of the 10b5-1 plan? Inasmuch as Friel still owns $15M worth of stock and lots of options, we should probably expect sizable sales every month or so, although not necessarily as large as the two recent ones.