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Archer Daniels Executive VP Sells Stock

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-19
NEW YORK (AP) -- An executive vice president of agricultural processor Archer Daniels Midland Co. exercised options for 26,351 shares of common stock, surrendered 13,035 shares and sold 22,000 shares, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filed with the SEC, David J. Smith reported he exercised options for $11.30 to $13.61 apiece Wednesday and Thursday. He sold 22,000 shares for $38.15 to $39.19 Wednesday. He also surrendered 13,035 shares back to the company for $37.80 to $38 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.

Archer Daniels Midland is based in Decatur, Ill.

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