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Orbital Sciences SVP exercises options

By Associated Press
April 30, 2008 | Comments (0)

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A senior vice president at Orbital Sciences Corp., which makes small rockets and space systems, exercised options for 10,025 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, Susan Herlick reported she exercised options for the shares Tuesday for $5.79 apiece and then sold the same number of them the same day for $26.89 to $27.04 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 is based in Dulles, Va.

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