VeriSign director exercises options

Date : 05/29/2008 @ 3:23PM
Source : TFN
Stock : Verisign (VRSN)
Quote : 23.3  -0.65 (-2.71%) @ 8:00PM
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VeriSign director exercises options

        NEW YORK (AP) - Scott Kriens, a director of VeriSign Inc., which runs many
of the Internet's core directory systems, exercised options for 70,298 shares of
common stock, according to a Securities and Exchange Commission filing
Wednesday.
    In a Form 4 filed with the SEC, Scott Kriens reported exercising the options
on Friday for $8.49 to $38.06 apiece and then selling the same number of shares
on the same day for $38.95 to $39.04 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.
    VeriSign is based in Mountain View, Calif.
    
Copyright 2008 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
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