0.11%SPY 123.77 
0.21%XLF 21.30 1.53%
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NEW YORK - The chairman and chief executive of HMS Holdings Corp., which provides cost recovery to government health care programs, exercised options for 30,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.
| HMSY | 24.67 |  -0.88 |
In a Form 4 filed Tuesday with the SEC, Robert M. Holster reported he exercised the options Monday for $1.19 to $6.95 apiece and then sold all the shares on the same day for $27.71 to $27.77 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows company insiders to set up a program in advance for such transactions and proceed even if they come into possession of material nonpublic information.
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.
HMS Holdings is based in New York.
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