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Eaton Vice President Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-23
NEW YORK (AP) -- A vice president and the chief technical officer of diversified industrial manufacturer Eaton Corp. exercised options for 14,916 shares of common stock, according to a Securities and Exchange Commission filing Friday.

In a Form 4 filed with the SEC, Yannis P. Tsavalas reported exercising the options for $68.22 to $68.62 apiece and then selling the same number of shares on the same day for $95.14 to $95.64 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.

Eaton is based in Cleveland.

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