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Estee Lauder COO Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-22
WASHINGTON (AP) -- The chief operating officer of cosmetics maker Estee Lauder Cos. exercised options for 50,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed Tuesday with the SEC, Daniel J. Brestle reported he exercised the options Tuesday for $33.78 apiece and then sold all 50,000 shares on the same day for $42.70 to $42.90 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.

Estee Lauder is based in New York.

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