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PHI CFO Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21
NEW YORK (AP) -- The chief financial officer of PHI Inc., a provider of helicopter services for oil and gas companies and medical service providers, exercised options for and sold 15,000 shares of non-voting common stock, according to Securities and Exchange Commission filings Friday.

In Form 4s filed with the SEC, Michael J. McCann reported he exercised options for the shares Wednesday for $16.25 apiece and then sold all of them on the same day for $34 to $34.88 each.

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.

PHI is based in Lafayette, La.

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