Monsanto Executive VP Exercises Options
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-22
In a Form 4 filed Tuesday with the SEC, Gerald A. Steiner reported he exercised the options Monday for $20.81 apiece and then sold all 27,040 shares on the same day for $91.50 to $92.65 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan, which allows company insiders to set up a program in advance for such transactions and proceed even if they come 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.
Monsanto, an agricultural chemicals and seed manufacturer, is based in St. Louis.
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