Halliburton CEO exercises options |
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Fri, 18 May 2007 21:42
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NEW YORK (AP) - The chairman, president and chief executive of oilfield services conglomerate Halliburton Co. exercised options to buy 33,333 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 Thursday, David J. Lesar reported he exercised the options Wednesday for $13.02 apiece and then sold 49,953 shares Wednesday and Thursday for $35 to $36 apiece.The stock sale was conducted under a prearranged 10b5-1 trading plan that 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.Halliburton is based in Houston.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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