A director at oil and gas exploration company Unit Corp. exercised options for and then sold 3,500 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.
In a Form 4 filed with the SEC Monday, Michael J. Adcock reported he exercised the options Monday for $28.23 apiece and then sold the shares the same day for $59.08 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.
Unit is based in Tulsa, Okla.
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