Home

IBM senior VP exercises options

By Associated Press
May 12, 2008 | Comments (0)

Recs

0

A senior vice president of International Business Machines Corp. exercised options for 75,000 shares of common stock, according to Securities and Exchange Commission filings Friday.

In Form 4's filed with the SEC, J. Randall Macdonald reported exercising the options on Thursday for $111.87 apiece and then selling 74,107 shares on the same day for $124.65 to $124.82 apiece. Macdonald also surrendered 2,522 shares back to the company for $124.46 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.

IBM is based in Armonk, N.Y.

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.

Compare Brokers

DocumentId: 643016, ~/articles/articlehandler.aspx, 12/2/2008 7:03:37 AM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

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.