FedEx officer Bronczek exercises options |
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Mon, 31 Dec 2007 18:44
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WASHINGTON (AP) - The president and chief executive of FedEx Express, a subsidiary of shipping company FedEx Corp., exercised options for 50,000 shares of common stock, according to a Securities and Exchange Commission filing.In a Form 4 filed Friday with the SEC, David J. Bronczek reported he exercised the options Wednesday for $31.98 apiece and then sold all 50,000 shares on the same day for $92.04 to $92.24 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.FedEx is based in Memphis, Tenn.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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