UPS Senior VP Sells Stock
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-19
In a Form 4 filed with the SEC, Allen Hill reported he exercised the options at $60.22 apiece and sold 8,527 shares for $73.90 apiece on Wednesday.
Hill also surrendered 439 shares back to the company for $73.90 apiece. Insiders can surrender shares as a way to cover either taxes or the cost of exercising options.
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.
UPS is based in Atlanta.
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