IBM senior VP exercises options |
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Published
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Tue, 31 Jul 2007 20:59 |
NEW YORK (AP) - A senior vice president at International Business Machines Corp. exercised options for 14,732 shares of common stock, according to a Securities and Exchange Commission filing.In a Form 4 filed with the SEC Monday, Rodney C. Adkins reported he exercised options for the shares Friday for $51.16 to $104.71 apiece and then sold 12,000 of them the same day for $117.03 to $117.14 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.IBM is based in Armonk, N.Y.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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