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BMC Software Senior VP exercises options

By Associated Press
June 3, 2008 | Comments (0)

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The senior vice president of the global sourcing practice at BMC Software Inc., which makes software to manage information-technology systems, exercised options for and then sold 50,000 shares of common stock, according to a filing with the Securities and Exchange Commission on Monday.

In a Form 4 filed with the SEC, Dan Barnea reported he exercised the options on Thursday and Friday for $14.94 apiece, then sold all the shares on the same day for $40 to 40.14 apiece.

The stock sale was 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.

BMC is based in Houston.

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