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> converted to normal stock, where you can sell on the market for cash?

With the smaller Google-specific "well but" limit that insider trading rules restrict employees from trading in the company stock except for narrow trading windows after the company's quarterly reports.



You can sell during blackout periods if you file a 10b5-1 plan a few months (year?) in advance.

http://www.investopedia.com/terms/r/rule-10b5-1.asp




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