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ICE Chief Executive Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-23

NEW YORK (AP) -- The chief executive of IntercontinentalExchange Inc., which operates electronic trading systems, exercised options for 18,962 shares of common stock under a prearranged trading plan, according to Securities and Exchange Commission filings Friday.

In Forms 4 filed with the SEC, Jeffrey Sprecher reported he exercised the options Wednesday for $4.20 to $35.08 apiece. He also reported he sold 22,905 shares Wednesday for $155.64 to $158.08 apiece. Sprecher also surrendered 5,859 shares back to the company for $155.41 apiece.

Insiders can surrender shares as a way to cover either taxes or the cost of exercising options.

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 nonpublic 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.

IntercontinentalExchange is based in Atlanta.

上一篇：SI Intl Part of DOD Contract Win 下一篇：Dynamics Research Gets $11.4M DHS Order

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