Thermo Fisher Sr. V.P. Exercises Options
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-16
In a Form 4 filed with the SEC, Alan J. Malus reported he exercised the options Monday for $15 apiece and then sold all the shares on the same day for $56.92 to $57.05 apiece. He also surrendered 1,466 shares back to the company for $57.02 apiece.
Insiders can surrender shares as a way to cover either taxes or the cost of exercising options. They 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.
Thermo Fisher is based in Waltham, Mass.
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