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Navteq Corp. CEO Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-16

NEW YORK (AP) -- The president and chief executive of Navteq Corp., which makes digital maps, exercised options for 7,247 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Wednesday, Judson C. Green reported he exercised options for the shares Tuesday for $1.40 apiece and then sold 20,000 shares the same day for $76.90 to $77.10 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 non-public 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.

Navteq Corp. is based in Chicago.

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