A director of apparel and footwear maker Timberland Co. exercised options for 10,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Monday, Ian W. Diery reported he exercised the options on Monday for $10.37 apiece and then sold all 10,000 of them on the same day for $16.80 to $16.93 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.
Timberland is based in Stratham, N.H.
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