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CarMax Financial Chief Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21
NEW YORK (AP) -- The chief financial officer and executive vice president of used-car retailer CarMax Inc. exercised options for 120,000 shares of common stock, according to a Securities and Exchange Commission filing.

In two Form 4s filed with the SEC Friday, Keith Browning reported he exercised the options Wednesday for $2.44 a piece and then sold all the shares the same day for $21.39 to $21.77 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.

CarMax is based in Richmond, Va.

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