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Odyssey Director Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-25
NEW YORK (AP) -- A director of Odyssey Marine Exploration Inc. exercised options for 33,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, George Knutsson reported he exercised options for the shares Friday for $2.50 apiece and then sold 23,000 of them on the same day for $6.81 each.

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.

Odyssey, which explores and recovers deep-water shipwrecks, is based in Tampa, Fla.

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