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NEW YORK - The chief financial officer of footwear maker Wolverine World Wide Inc., which makes Hush Puppies shoes, exercised options for 31,682 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.
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In a Form 4 filed with the SEC, Stephen L. Gulis Jr. reported exercising the options on Tuesday for $17.53 to $20.38 apiece and then selling the same number of shares on the same day for $26.50 to $26.65 apiece. Gulis also reported surrendering 3,990 shares back to the company for $26.37 to $26.63 apiece on Monday and Tuesday.
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.
Wolverine is based in Rockford, Mich.
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