Countrywide Insiders Selling Shares

Over the past few weeks, insiders at Countrywide Financial Corp. -- including chairman and chief executive officer Angelo Mozilo -- have been exercising millions of dollars in options.According to trading records, Mr. Mozilo exercised 70,000 options on Dec. 15, grossing almost $3 million on the deal. (He purchased the options for $9.60 apiece and then sold shares in the open market at $41.47.) On Dec. 18, Countrywide president and chief operating officer David Sambol exercised 14,000 options, grossing $375,340. Over the past six months, Countrywide insiders have sold almost 6 million shares. The company can be found on the Web at http://www.countrywide.com.