VeraSun vice president exercises options |
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Fri, 20 Apr 2007 15:32
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WASHINGTON (AP) - The vice president of technology of VeraSun Energy Corp., one the nation's largest ethanol producers, exercised options for 20,906 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.In a Form 4 filed Thursday with the SEC, Matthew Janes reported he exercised the options Wednesday for $1 apiece and then sold 16,667 shares on the same day for $19 to $20 apiece.The stock sales were conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.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.VeraSun is based in Brookings, S.D.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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VeraSun Energy president resigns 