NEW YORK (AP) - NEW YORK (AP) -- A senior vice president of agricultural
company Monsanto Co. exercised options for and then sold 10,700 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, Janet M. Holloway reported she exercised
options for the shares on Tuesday for $29.22 apiece and then sold all of them
the same day for $109 to $109.33 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.
Monsanto is based in St. Louis.
Copyright 2008 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
|