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VeriFone CFO Exercises Options

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

NEW YORK (AP) -- The chief financial officer of VeriFone Holdings Inc., which makes automated payment systems, exercised options for 11,171 shares of common stock under a prearranged trading plan, according to Securities and Exchange Commission filings.

In Form 4s filed with the SEC Thursday, Barry Zwarenstein reported he exercised the options Tuesday for $3.28 apiece and then sold 18,000 shares the same day for $43.53 to $45.85 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 non-public 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.

VeriFone is based in San Jose, Calif.

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