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Service Corp. SVP Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-12
NEW YORK (AP) -- A senior vice president at funeral home and cemetery operator Service Corp. International exercised options for 150,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Wednesday.

In a Form 4 filed with the SEC, James M. Shelger reported he exercised options for the shares Monday and Tuesday for $6.66 apiece and then sold the same number of them the same days for $13.25 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.

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.

Service Corp. is based in Houston.

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