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Longs EVP Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-22
NEW YORK (AP) -- The executive vice president of business development and managed care of drug store chain Longs Drug Stores Corp. exercised options for and sold 76,250 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, Bruce E. Schwallie reported he exercised options for the shares Monday for $16.72 to $27.40 apiece and then sold all of them on the same day for $56.50 to $56.96 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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