Insider Trading: An era is ending at SupportSoft

PIONEER, EX-CEO RADHA BASU TO LEAVE BOARD

By Chris O'Brien
Mercury News

One of the more path-breaking careers in Silicon Valley will quietly come to a close this month when Radha Basu steps down as a director at SupportSoft.

While Basu was often praised for her leadership skills at the Redwood City company, she leaves behind a company that struggled to find ways to grow after the tech bust. Still, it was a lucrative tenure for Basu, who remains one of the company's largest shareholders and has begun selling off her sizable holdings in recent months.

According to a securities filing in February, Basu owns 2.4 million shares of SupportSoft - about 5.4 percent of the company's stock. Since last August, Basu has sold 323,800 shares at prices ranging from $4.00 a share to $6.46 to collect $1.8 million.

Overall, Basu has sold a total of $6.7 million worth of stock since she joined SupportSoft.

Read more here.