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General Dynamics 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 defense contractor General Dynamics Corp. exercised options for 5,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, David A. Savner reported he exercised the options on Tuesday for $45.67 apiece, then sold all 5,000 shares on the same day for $89.70 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.

General Dynamics is based in Falls Church, Va.

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