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Updated: 12/1/2009 10:16 AM					Sponsored by:
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Cybersource CEO sells shares

By Associated Press
April 24, 2008 | Comments (0)

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The chairman and chief executive of Cybersource Corp., an electronic payment and risk management services company, sold 12,500 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Wednesday, William S. McKiernan reported he sold the shares Monday for $14.73 to $14.91 apiece.

The stock sale was 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 non-public 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.

Cybersource is based in Mountain View, Calif.

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