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ICE CTO Marcial Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21

WASHINGTON (AP) -- The chief technology officer and senior vice president of electronic commodity market InterContinental Exchange Inc. exercised options for 1,721 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.

In a Form 4 filed Monday with the SEC, Edwin D. Marcial reported he exercised the options Friday for $8 apiece and then sold all 1,721 shares on the same day for $174.10 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan, which allows company insiders to set up a program in advance for such transactions and proceed even if they come into possession of material nonpublic 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.

InterContinental Exchange is based in Atlanta.

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