McCormick Treasurer Exercises Options
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-24
In a Form 4 filed with the SEC, Paul C. Beard reported he exercised options for the shares Thursday for $12.72 apiece and then sold 4,476 of them the same day for $35.72 apiece. Beard also surrendered 6,088 shares back to the company for $35.72 apiece.
Insiders can surrender shares as a way to cover either taxes or the cost of exercising options.
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.
McCormick is based in Sparks, Md.
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