IBM Senior VP Exercises Options
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-09-03
In a Form 4 filed with the SEC Tuesday, Douglas Elix reported he exercised the options on Monday for $51.16 apiece, then sold all 45,000 shares on the same day for $112.82 to $113.20 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.
IBM is based in Armonk, N.Y.
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