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Peabody Energy CFO Exercises Options

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

NEW YORK (AP) -- The executive vice president and chief financial officer of coal miner Peabody Energy Corp. exercised options for 82,173 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, Richard A. Navarre reported exercised the options Monday for $3.30 apiece and then sold all 82,173 of them on the same day for $51.05 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 nonpublic 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.

Peabody Energy is based in St. Louis.

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