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Ryland Group SVP Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-19
NEW YORK (AP) -- A senior vice president of home builder Ryland Group Inc. exercised options for 25,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filed with the SEC, Timothy J. Geckle reported he exercised the options on Thursday for $5.88 apiece, then sold all 25,000 shares on the same day for $26.47 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.

Ryland Group is based in Calabasas, Calif.

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