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Central European Distribution CEO exercises options

By Associated Press
June 13, 2008 | Comments (0)

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The chairman, president and chief executive of Polish vodka producer Central European Distribution Corp. exercised options for and sold 5,000 shares of common stock, according to a Securities and Exchange Commission filing Friday.

In a Form 4 filed with the SEC, William Carey reported he exercised the options Tuesday and Thursday for $14.05 apiece and then sold all 5,000 of them on the same days for $69.67 and $72.66 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.

Central European Distribution is based in Bala Cynwyd, Pa.

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