Abaxis Finance Chief Sells Stock
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-01
In a Form 4 filed with the SEC, Alberto Santa Ines reported he exercised options for $3 to $5.47 apiece Friday and Monday, and sold the shares the same days for $29.94 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
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.
Abaxis is based in Union City, Calif.
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