The vice chairman and chief financial officer of Orbital Sciences Corp., which makes small space and rocket systems, exercised options for 43,600 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.
In a Form 4 filed with the SEC, Garrett E. Pierce reported he exercised options for the shares on Monday for $11.12 apiece and then sold them all the same day for $27.30 to $27.74 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.
Orbital Sciences is based in Dulles, Va.
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