NEW YORK (AP) - The president and chief operating officer of the products
group for defense contractor L-3 Communications Holdings Inc.'s exercised
options for 5,919 shares of common stock, according to a filing with the
Securities and Exchange Commission.
In a Form 4 filed with the SEC Monday, Charles J. Schafer reported
exercising the options on Thursday and Friday for $68.16 apiece, then selling
all 5,919 shares on the same days for $113 to $113.35 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.
L-3 Communications is based in New York.
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