NEW YORK (AP) - An executive vice president of network equipment maker Cisco
Systems Inc. exercised options for 100,000 shares of common stock, according to
a Securities and Exchange Commission filing Thursday.
In a Form 4 filed with the SEC, Wim Elfrink reported he exercised options
for the shares Tuesday for $9.75 to $17.86 apiece and then sold 102,850 shares
the same day for $24.80 to $24.83 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.
Cisco is based in San Jose, Calif.
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