NEW YORK (AP) - The chief executive of graphic chip maker Nvidia Corp.
exercised options for 186,000 shares of stock under a prearranged trading plan,
according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Thursday, Jen-Hsun Huang reported he
exercised the options Tuesday and Wednesday for $3.11 apiece and then sold all
the shares the same days for $17.68 to $18.98 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.
Nvidia is based in Santa Clara, Calif.
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