The commission wanted to allow executives to sell stock without taking advantage of what they knew.
As executives sold their shares, the price began to drop.
Across corporate America, executives have been selling company stock as if it were 1999.
Four other executives sold shares in the following weeks as well.
But that month, the company also said top executives were selling shares of the parent company's stock.
In June, the chief executive sold $16 million of stock.
All told, the executives sold 47,000 shares, worth $1.2 million.
Some executives sold stock when prices were high, made their purchases and still have a lot of cash.
One executive sold on the same day that the company told regulators about the problem.
Other executives sold their stock at the same time.