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L.B. Foster Chairman Exercises Options



By AP
08 February 2008 @ 02:39 pm EST

NEW YORK - The chairman of L.B. Foster Co., which makes rail and construction products, exercised options for 35,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday.

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In a Form 4 filed with the SEC, Lee B. Foster II reported he exercised the options Tuesday and Wednesday for $2.75 to $4.44 apiece and then sold all the shares the same days for $44.10 to $45.14 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.

L.B. Foster is based in Pittsburgh.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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