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Oracle director exercises options


Published : Fri, 28 Sep 2007 22:02
By : Agencies
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NEW YORK (AP) - A director of business software company Oracle Corp. exercised options for and sold 50,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filed with the SEC, Donald L. Lucas reported he exercised options for the shares Wednesday for $14.51 apiece and then sold them all on the same day for $21.75 to $21.85 each.

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.

Oracle is based in Redwood City, Calif.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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