Matrix Service director sells shares |
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Thu, 19 Apr 2007 21:18
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NEW YORK (AP) - A director of Matrix Service Co., which provides services to petroleum and power industries, exercised options for 5,000 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.In a Form 4 filed with the SEC, Edgar I. Hendrix Jr. reported he exercised options for 5,000 shares Tuesday for $4.60 apiece, and then sold them the same day for $26.69 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.Matrix Service is based in Tulsa, Okla.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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