Northern Trust EVP exercises options |
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Mon, 29 Oct 2007 21:17
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WASHINGTON (AP) - An executive vice president of asset management firm Northern Trust Corp. exercised options for 21,848 shares of common stock, according to a Securities and Exchange Commission filing.In a Form 4 filed Friday with the SEC, Joyce St. Clair reported she exercised the options Wednesday for $32.62 and $34.59 apiece, and then sold 18,958 shares on the same day for $72.39 to $72.51 apiece.She also surrendered 1,397 shares Wednesday back to the company for $71.52 apiece. Insiders can surrender shares as a way to cover either taxes or the cost of exercising options.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.Northern Trust is based in Chicago.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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