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Senior VP For eBay Exercises Stock Options
The senior vice president of legal affairs and general counsel for online auctioneer eBay Inc. exercised options for 70,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Friday, Michael R. Jacobson reported he exercised the options Wednesday for 63 cents apiece and then sold all of them the same day for $33.70 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.
EBay Senior VP Exercises Options – Forbes.com
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