GameStop CEO Fontaine exercises options for 350,000 shares

By Associated Press April 28, 2008 Comments (0)

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The chairman and chief executive of video game retailer GameStop Corp. exercised options for 350,000 shares of common stock, according to a Securities and Exchange Commission filing Friday.

In a Form 4 filed with the SEC, Richard R. Fontaine reported he exercised options for the shares Friday for $9 apiece. He then sold 368,818 of them on the same day for $55.84 to $56.18 each.

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.

GameStop is based in Grapevine, Texas.

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