Synopsys chairman and CEO exercises options

Recs

0

The chairman and chief executive of Synopsys Inc., which makes software for designing semiconductors, exercised options for 110,000 shares, according to filings with the Securities and Exchange Commission.

In two Form 4s filed with the SEC Thursday, Aart de Geus reported exercising the options on Wednesday and Thursday for $21.25 apiece, then selling all 110,000 shares on the same days for $25.90 apiece.

The transactions were conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.

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.

Synopsys is based in Mountain View, Calif.

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 Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 655323, ~/Articles/ArticleHandler.aspx, 11/10/2009 9:55:04 AM

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.

Sending report...

The Must-Read Story on Fool.com
Health-Care Reform: A Tale of Two Chambers

Related Tickers

11/9/2009 4:00 PM
SNPS $23.52 Up +0.43 +1.86%
Synopsys, Inc. CAPS Rating: **

Community: Investing Wiki

Term Of The Hour

Intellectual property: Intellectual property is the broadly defined category of assets that typically includes brand names, trademarks, copyrights, patents, knowhow, trade secrets, etc. They are barriers to entry for competitors.

Want to learn more or edit this definition?
Click here to read more!