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Volcano president, CEO exercises options

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

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The president and chief executive of medical device company Volcano Corp. exercised options for 20,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.

In a Form 4 filed Tuesday with the SEC, R. Scott Huennekens reported he exercised the options Monday for 11 cents apiece and then sold all 20,000 shares the same day for $14 to $14.15 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan, which allows company insiders to set up a program in advance for such transactions and proceed even if they come 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.

Volcano is based in Rancho Cordova, Calif.

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