Oracle Insiders Report Gains From Stock Options
Tuesday January 7, 2:07 pm ET
WASHINGTON -(Dow Jones)- Oracle Corp. director Donald L. Lucas recently made a profit of at least $375,000 from company stock options, according to a regulatory filing Tuesday.
Lucas exercised options to buy 50,000 shares for $3.69 each and then sold them Friday for prices between $11.19 and $11.50. Shares of Oracle traded Tuesday afternoon at $12.47, up 51 cents.
After the transactions, Lucas directly owned 13,062 shares of Oracle, the filing said.
As reported earlier, George J. Roberts, Oracle's executive vice president for North American sales, also exercised options to buy company shares and then sold them Friday. He bought 738,012 shares for prices from $1.91 to $4.49 a share and sold them for prices from $11.15 to $11.27 a share, yielding him a profit of at least $4.9 million.
-By Ben Siegel, Dow Jones Newswires; 202-628-7689
Link:http://biz.yahoo.com/djus/030107/1407000496_1.html |
