Linear Technology CTO exercises options |
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Fri, 30 Nov 2007 22:12
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NEW YORK (AP) - The chief technology officer of chip maker Linear Technology Corp. indirectly exercised options for 30,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday.In a Form 4 filed with the SEC, Robert Dobkin reported a trust that controls the options exercised them for shares Thursday at $12.97 apiece and then sold 70,000 shares the same day for $31.01 to $31.04 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.Linear is based in Milpitas, Calif.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Linear Technology chairman sells stock 