Marriott CEO exercises options for 99,154 shares

By Associated Press May 14, 2008 Comments (0)

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The chairman and chief executive of hotel operator Marriott International Inc. exercised options for 99,154 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, J.W. Marriott Jr. reported he exercised options for the shares Monday for $5.87 apiece, and then sold all of them the same day for $36.25 to $36.70 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.

Marriott is based in Washington D.C.

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