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K Swiss CFO exercises options

By Associated Press

June 6, 2008

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The chief financial officer of shoe maker K Swiss Inc. exercised options for 97,100 shares of common stock, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filed with the SEC, George Powlick reported he exercised options for the shares Tuesday for $8.03 apiece and then sold the same number of them the same day for $17.71 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.

K Swiss is based in Westlake Village, Calif.

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