Colgate-Palmolive CFO Stephen Patrick exercises options

By Associated Press May 8, 2008 Comments (0)

0 Recommendations

The chief financial officer of Colgate-Palmolive Co., which makes products including Colgate toothpaste, exercised options for 102,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed Wednesday with the SEC, Stephen C. Patrick reported he exercised the options Monday for $33.73 and $44.13 apiece and then sold 15,000 shares on Tuesday for $73.15 to $73.20 apiece.

He also surrendered 73,102 shares Monday and Tuesday back to the company for $73.04 and $73.23 apiece. Insiders can surrender shares as a way to cover either taxes or the cost of exercising options.

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.

Colgate-Palmolive is based in New York.

Comments (0)

Comments from our Foolish Readers

Help us Keep this a Respectfully Foolish Area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.