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United Technologies Insider Sells Shares

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-19
NEW YORK (AP) -- A director of industrial conglomerate United Technologies Corp. exercised options for 8,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Thursday, Jean-Pierre Garnier reported he exercised the options Tuesday for $24.61 apiece and then sold 4,725 of them on the same day for $74.79 and $74.80 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.

United Technologies is based in Hartford, Conn.

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