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EnerSys CEO Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-19

NEW YORK (AP) -- The chairman, president and chief executive of industrial-battery maker EnerSys exercised options for 164,834 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filed with the SEC, John D. Craig reported he exercised options for the shares on Tuesday, Wednesday and Thursday for $10.82 to $16.24 apiece and then sold all of them the same days for $19.24 to $19.34 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.

EnerSys is based in Reading, Pa.

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