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Verisign CFO Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-22

NEW YORK (AP) -- The chief financial officer of Verisign Inc., which manages the ".com" and ".net" domain name registry, exercised options for 28,369 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Tuesday, Albert E. Clement reported he exercised options for the shares Friday and Monday for $13.79 to $14.93 apiece and then sold all of them the same day for $35 to $37 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.

VeriSign is based in Mountain View, Calif.

上一篇：1-800-Flowers.com SVP Exercises Options 下一篇：Ex-Qwest CEO Outlines Appeal

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