VeraSun director exercises options |
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Tue, 17 Apr 2007 18:27
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WASHINGTON (AP) - A director of VeraSun Energy Corp., one the nation's largest ethanol producers, exercised options for 10,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.In two Form 4s filed Monday with the SEC, Bruce A. Jamerson reported he exercised the options Monday for 52 cents and $1 apiece and then sold the shares on the same day for $20.49 to $21.61 apiece.The stock sales were 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.VeraSun is based in Brookings, S.D.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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