Analog Devices CFO exercises options
By
Associated Press
June 5, 2008
|
The chief financial officer of chip maker Analog Devices Inc. exercised options for 40,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Wednesday, Joseph E. McDonough reported he exercised the options Tuesday for $19.89 apiece and then sold all 40,000 of them on the same day for $35.23 to $35.27 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.
Analog Devices is based in Norwood, Mass.
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