The president and chief executive of laser component maker II-VI Inc. exercised options for 36,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Thursday, Francis J. Kramer reported he exercised the options Thursday for $2.75 apiece and then sold 19,250 of the shares on the same day for $35.05 to $35.20 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.
II-VI is based in Saxonburg, Pa.
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