United Stationers director sells shares |
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Wed, 10 Jan 2007 00:03
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NEW YORK - A director of United Stationers Inc., which sells technology products and traditional office products, exercised options for 5,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Monday.In a Form 4 filed with the SEC, Benson P. Shapiro reported exercising the shares Monday for $22.13 apiece and then selling them the same day for between $45.75 and $46.05 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.United Stationers is based in Deerfield, Ill.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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