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Eaton SVP exercises options


Published : Fri, 30 Nov 2007 22:47
By : Agencies
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NEW YORK (AP) - A senior vice president of diversified industrial manufacturer Eaton Corp. exercised options for 18,600 shares of common stock, according to Securities and Exchange Commission filings.

In Form 4s filed with the SEC Thursday, James E. Sweetnam reported he exercised the options Tuesday and Wednesday for $40.58 apiece and then sold all 18,600 of them on the same days for $85.73 to $88.87 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.

Eaton is based in Cleveland.

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 This material may not be published, broadcast, rewritten, or redistributed.

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