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Digital River Director Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-09-03
NEW YORK (AP) -- A director of Digital River Inc., an e-commerce software company, exercised options for 22,500 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, William Lansing reported he exercised options for the shares Friday for $10.50 to $22.98 apiece and then sold all of them the same day for $44.25 to $44.76 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Digital River is based in Eden Prairie, Minn.

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