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Joy Global CEO exercises options

By Associated Press
June 6, 2008 | Comments (0)

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The president and chief executive of Joy Global Inc., which makes mining equipment, exercised options for 14,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Thursday, Michael W. Sutherlin reported he exercised the options Tuesday for $41.25 apiece and then sold all 14,000 of them on the same day for $83.12 to $83.90 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.

Joy Global is based in Milwaukee, Wis.

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