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BlackRock Vice Chair Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-24
NEW YORK (AP) -- The vice chairman of investment brokerage BlackRock Inc. exercised options for 12,500 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Monday, Charles Hallac reported he excercised options for the shares Thursday for $14 apiece and then sold all of them the same day for $187.20 to $189.55 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.

BlackRock is based in New York.

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