Johnson & Johnson official sells shares |
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Published
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Fri, 19 Oct 2007 21:38
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NEW YORK (AP) - The corporate controller at Johnson & Johnson Inc. exercised options for 9,300 shares of common stock, according to a Securities and Exchange Commission filing Thursday.In a Form 4 filed with the SEC, Stephen J. Cosgrove reported he exercised options for the shares Wednesday for $32.28 apiece and then sold 7,500 of them the same day for $65.12 to $65.14 apiece.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.Johnson & Johnson is based in New Brunswick, N.J.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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