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L.B. Foster CEO Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21
WASHINGTON (AP) -- The president and chief executive of L.B. Foster Co., which makes rail and construction products, exercised options for 16,074 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed Monday with the SEC, Stan L. Hasselbusch reported he exercised the options Thursday, Friday and Monday for $3.65 apiece and then sold all 16,074 shares on the same days for $43.25 to $46 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.

L.B. Foster is based in Pittsburgh.

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