NEW YORK—A director of investment bank Jefferies Group Inc. exercised options for 18,000 shares of common stock, according to Securities and Exchange Commission filings Monday.
In Form 4s filed with the SEC, Frank J. Macchiarola reported he exercised options Friday for $10.23 apiece, and then sold all of them Friday and Monday for $17.49 and $18.97 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.
Jefferies Group is based in New York.
© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
rising
falling 