The president and chief operating officer of specialty glass and ceramics maker Corning Inc. exercised options for 139,945 shares of common stock, according to a Securities and Exchange Commission fil…
The president and chief operating officer of specialty glass and ceramics maker Corning Inc. exercised options for 139,945 shares of common stock, according to a Securities and Exchange Commission filing on 2 May 2008. In a Form 4 filed with the SEC, Peter F. Volanakis reported he exercised options for the shares on 1 May 2008 for USD 9.95 apiece and then sold 189,945 shares on the same day for USD 27 each. 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.