Cybersource CFO Exercises Options
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-19
In a Form 4 filed with the SEC, Steven D. Pellizzer reported exercising the options Tuesday for $2.25 to $6.75 apiece and then selling the same number of shares on the same day for $15.40 to $15.55 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.
Cybersource is based in Mountain View, Calif.
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