NEW YORK (AP) - The executive vice president and chief technical officer of
computer and printer maker Hewlett-Packard Co. exercised options for 75,000
shares of common stock under a prearranged trading plan, according to a
Securities and Exchange Commission filing Thursday.
In a Form 4 filed with the SEC, Shane V. Robison reported he exercised the
options Tuesday for $22.02 apiece and then sold them the same day for $47.08 to
$47.45 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which
allows a company insider to set up a program in advance for such transactions
and proceed with them even if he or she comes 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.
Hewlett-Packard is based in Palo Alto, Calif.
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