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Seagate CTO Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-25
NEW YORK (AP) -- The chief technical officer of hard drive maker Seagate Technology exercised options for 164,435 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, Robert W. Whitmore reported exercising the options Friday for $2.30 to $15.07 apiece and then selling all of the shares the same day for $26.99 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.

Seagate is based in the Cayman Islands.

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