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Autodesk Inc. CEO Exercises Options

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

NEW YORK (AP) -- The president and chief executive of design software maker Autodesk Inc. exercised options for 10,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Monday, Carl Bass reported he exercised the options on Thursday for $7.37 apiece, then sold all 10,000 shares on the same day for $47.18 to $47.69 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.

Autodesk is based in San Rafael, Calif.

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