Bear Stearns president sells stock |
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Published
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Mon, 31 Dec 2007 17:36
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NEW YORK (AP) - The president of Bear Stearns Cos., an investment bank, exercised options for 161,662 shares of stock, according to a Securities and Exchange Commission filing Thursday.In a Form 4 filed with the SEC, Alan Schwartz reported he exercised options Dec. 21 at no cost as part of a compensation plan and sold 67,900 shares the same day for $89.01 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.Bear Stearns is based in New York.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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NASDAQ
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1449.80 |
+51.73 (
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CARNIVAL
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11:35am )
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1347.00 |
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IBM
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4:01pm ) |
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79.84 |
+2.94 (
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GOOGLE
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4:00pm ) |
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275.11 |
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