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Intuit Senior VP Karpas sells stock


Published :
Fri, 30 Nov 2007 22:02
By : Agencies
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NEW YORK (AP) - A senior vice president of financial software company Intuit Inc. exercised options for 30,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC on Wednesday, Peter Karpas reported he exercised options for the shares Wednesday at $18.06 apiece, and then sold them the same day for $30 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.

Intuit is based in Mountain View, Calif.

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 This material may not be published, broadcast, rewritten, or redistributed.




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