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Read more at Counterprarties How Wal-Mart can boost the economy A tale of two mortgage crises Get Counterparties by email! Follow Reuters Facebook Twitter RSS YouTube Read Florida girl fatally shot on school bus, suspect in custody 20 Nov 2012 In HP-Autonomy debacle, many advisers but little good advice 20 Nov 2012 Gaza shakes, Israelis killed as Clinton seeks truce | 2:37am EST In great secrecy, India executes last surviving Mumbai attacker 2:14am EST Microsoft vs. Google trial over patents finishes up 20 Nov 2012 Discussed 163 Top Hamas commander killed in Israeli airstrike 150 Israel hammers Hamas in Gaza offensive 150 Egypt PM to visit Gaza in support of Hamas against Israel Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more Best of the AMAs Highlights from the American Music Awards. Slideshow Gaza conflict Scenes from Gaza and Israel. Slideshow Sponsored Links Facebook director Andreessen sells $54 million in shares to cover taxes Tweet Share this Email Print Related News Yahoo shares reach 18-month high as investors warm to new CEO Mon, Nov 19 2012 Hedge funds shower love on Green Mountain, Yahoo Wed, Nov 14 2012 Facebook stock jumps 12.6 percent as share lockup expires Wed, Nov 14 2012 Facebook's Sandberg sells $7.4 million in stock Fri, Nov 2 2012 Analysis & Opinion Saving the U.S. financial system trumps Fed’s duty to AIG: NY judge Paying more in taxes to burnish EPS Related Topics Investing Simplified » Tech » Media » Facebook » The Facebook logo is seen on a screen inside at the Nasdaq Marketsite in New York May 18, 2012. Credit: Reuters/Shannon Stapleton By Alexei Oreskovic SAN FRANCISCO | Tue Nov 20, 2012 7:07pm EST SAN FRANCISCO (Reuters) - Facebook Inc board member Marc Andreessen sold roughly $54 million worth of shares in the social networking company on Monday to cover taxes he owes on his holdings. Andreessen's sales are among the latest transactions by Facebook insiders as trading restrictions have expired following the company's May initial public offering. Donald Graham, chairman and CEO of the Washington Post Co, who is a director at Facebook, sold roughly $6.7 million worth of Facebook shares on Monday, according to a regulatory filing on Tuesday. Both Andreessen and Graham are selling shares to cover tax obligations incurred from the recent vesting or settlement of restricted stock units in the company, Facebook noted in a separate filing earlier this year. Neither intends to sell shares for any other reason, the filing said. The world's No.1 online social network became the only U.S. company to debut with a market value of more than $100 billion, but has faced a rough reception on Wall Street amid concerns about its long-term money-making potential. Shares of the company have risen 20 percent since November 9, finishing Tuesday's regular session at $23.10, but remain well below their $38 offering price. Several executives at the company have also sold shares as the so-called lock-up restrictions on trading have expired. Facebook Chief Operating Officer Sheryl Sandberg sold roughly $4.2 million worth of Facebook stock on Monday, bringing her total share sales to roughly $15 million in recent weeks, while engineering vice president Michael Schroepfer sold a little more than $1 million worth of shares in recent days. Andreessen, Graham, Sandberg and Schroepfer all sold their shares as part of pre-arranged stock trading plans. (Reporting By Alexei Oreskovic; Editing by Bernard Orr) Investing Simplified Tech Media Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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