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Longs SVP Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-22
NEW YORK (AP) -- The senior vice president, general counsel and secretary of drug store chain Longs Drug Stores Corp. exercised options for and sold 31,875 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, William J. Rainey reported he exercised options for the shares Monday for $24.40 to $27.40 apiece and then sold all of them on the same day for $56.07 to $56.95 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.

Longs is based in Walnut Creek, Calif.

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