NEW YORK (AP) - The senior vice president of finance and chief accounting
officer of security software company Symantec Corp. exercised options for 40,000
shares of common stock, according to a filing with the Securities and Exchange
Commission.
In a Form 4 filed with the SEC Tuesday, George W. Harrington reported
exercising the options on Monday for $15.89 apiece, then selling all 40,000
shares on the same day for $20.88 to $20.90 apiece.
Harrington also surrendered 6,674 shares back to the company for $21.73
apiece.
Insiders can surrender shares as a way to cover either taxes or the cost of
exercising options.
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.
Symantec is based in Cupertino, Calif.
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