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Informatica CFO exercises options

By Associated Press
June 5, 2008 | Comments (0)

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The chief financial officer of data integration software company Informatica Corp. exercised options for 20,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Wednesday.

In a Form 4 filed with the SEC, Earl E. Fry reported he exercised the options Monday for $7.90 apiece and then sold all the shares the same day for $17.64 to $17.91 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 non-public 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.

Informatica is based in Redwood City, Calif.

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