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Bank of New York vice chair sells shares


Published :
Mon, 29 Oct 2007 21:29
By : Agencies
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NEW YORK (AP) - A vice chairman of Bank of New York Mellon Corp. exercised options for 43,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Friday, James Palermo reported he exercised options for the shares Wednesday for $23.19 to $29.66 apiece and then sold all of them the same day for $46.58 to $46.85 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.

Bank of New York Mellon is based in New York.

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 This material may not be published, broadcast, rewritten, or redistributed.




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