PepsiCo Int'l CEO exercises options |
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Tue, 31 Jul 2007 20:25
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NEW YORK (AP) - The chairman and chief executive of PepsiCo International, the international arm of snack and beverage maker PepsiCo Inc., exercised options for 77,308 shares of common stock, according to a Securities and Exchange Commission filing Monday.In a Form 4 filed with the SEC, Michael D. White reported he exercised the options on Thursday for $38.50 apiece and then sold all of them the same day for $67.50 to $67.79 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.PepsiCo is based in Purchase, N.Y.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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