NEW YORK—A director of brewer Anheuser-Busch Cos. Inc. exercised options for 165,788 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.
In a Form 4 filed with the SEC, Patrick T. Stokes reported he exercised the options Monday for $37.89 apiece and then sold 35,000 shares the same day for $51.50 to $51.59 apiece. Stokes also surrendered 123,306 shares back to the company for $50.95 apiece. He reported owning the shares indirectly through a family limited partnership.
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.
Anheuser-Busch is based in St. Louis.
