Oracle executive VP exercises shares |
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Mon, 30 Apr 2007 20:13
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NEW YORK (AP) - An executive vice president of software company Oracle Corp. exercised options for 555,375 shares of common stock, according to a Securities and Exchange Commission filing.In a Form 4 filed with the SEC Friday, Keith Block reported he exercised the shares Wednesday for $8.68 to $9.90 apiece and then sold all of them the same day for $18.94 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.Oracle is based in Redwood City, Calif.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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