Home

Corrections Corp. CEO exercises options

By Associated Press
June 11, 2008 | Comments (0)

Recs

0

The chief executive of prison operator Corrections Corp. of America exercised options for 18,000 shares of common stock under a prearranged trading plan, according to two Securities and Exchange Commission filings Tuesday.

In Form 4s filed with the SEC, John D. Ferguson reported he exercised options for the shares on Monday for $5.70 apiece and then sold them all the same day for $25.53 to $26.11 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.

Corrections Corp. is based in Nashville, Tenn.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 662696, ~/articles/articlehandler.aspx, 12/1/2008 8:00:30 PM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.