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Southwestern Energy EVP exercises options

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

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An executive vice president of natural gas producer Southwestern Energy Co. exercised options for 60,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Thursday, Richard F. Lane reported he exercised the options Tuesday for $2.65 apiece and then sold all 60,000 of them on the same day for $47.62 to $48.69 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.

Southwestern Energy is based in Houston.

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