Bear Stearns treasurer exercises options |
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Published
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Mon, 31 Dec 2007 19:19
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NEW YORK (AP) - The treasurer of investment bank Bear Stearns Cos. exercised options for and sold 25,927 shares of common stock, according to a Securities and Exchange Commission filing.In a Form 4 filed with the SEC Thursday, Michael Minikes reported he exercised the options at no cost on Dec. 21, then sold all 25,927 shares on 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 This material may not be published, broadcast, rewritten, or redistributed.
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