Reed's Prozes in the money

Reed Elsevier director and boss of the firm's LexisNexis business, Andrew Prozes, has pocketed over £400,000 from share sales.

Prozes sold 10,600 Reed Elsevier American Depository Receipts (ADRs), equal to 42,400 ordinary shares, at $32.33 each.

He also offloaded 14,600 Reed Elsevier NV ADRs, equivalent to two Reed Elsevier NV ordinary shares, at $23.46 a piece.

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Prozes has been a director at Anglo-Dutch publisher Reed and head of its online content solutions business since July 2000.

These deals leave him with 148,142 Reed Elsevier ordinary shares and 112,004 Reed Elsevier NV ordinarys.

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Top Director Sells

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