From: "Phil Payne" 

"Bill Lucy"  wrote in message
news:MPG.1e0d5936113690fc989798{at}news.barkto.com...
> In article , bobcomer{at}mindspring.com says...
> > Dang, I'd just like his job for a week or two... 
>
> Hubbell, the treasurer, exercised options for around 55,000 shares this
> summer. His cost? $19.73 per share (~$1M).
>
> Oh, and Gary, he hasn't sold any shares this year. You'd think the
> treasurer would be gettn' out while the gettn' is good.

Officers of corporations cannot sell just when they want to.  There are
"windows" around results periods and some companies take these
very seriously indeed.  I've spoken to very senior IBM executives who've
lost millions because they weren't allowed to do anything with their
portfolios at certain times.

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