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US Cellular Senior VP Childs exercises options

By Associated Press
June 12, 2008 | Comments (0)

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The senior vice president and chief human resources officer of wireless carrier United States Cellular Corp. exercised options for 7,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed Wednesday with the SEC, Jeffrey J. Childs reported he exercised the options Monday for $43.20 and $45.63 apiece and then sold 1,359 shares on Wednesday for $60.38 and $60.42 apiece.

He also surrendered 5,642 shares on Monday back to the company for $61.50 apiece. Insiders can surrender shares as a way to cover either taxes or the cost of exercising options.

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.

United States Cellular is based in Chicago.

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