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This was a registered Rule 144 transaction. It is not likely there were any shenanigans - especially since it was only $11,952,500 (341,500 shares). The $5,207,875 was the cost of exercising the options - the amount Redstone PAID to exercise the options to buy the stock he sold.
Now if he had sold 11,952,500 SHARES throught shell corporations on the open market, that would be a different story.
.... but questions need to be asked....
Umm, yeah. That's chump change to Teresa. BTW, how many shares got Martha Stewart sent to prison?