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Palm General Counsel Sells Stock

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-25
NEW YORK (AP) -- The senior vice president, general counsel and secretary of Treo maker Palm Inc. exercised options for and then sold 45,416 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, Mary E. Doyle reported she exercised the options for $12.47 to $14.01 apiece Tuesday and sold the shares the same day for $18.28 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.

Palm is based in Sunnyvale, Calif.

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