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DirecTV Executive VP Exercises Options



By AP
14 March 2008 @ 03:54 pm EST

NEW YORK - The executive vice president of legal and human resources of satellite TV provider DirecTV Group Inc. exercised options for 30,000 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, Larry D. Hunter reported he exercised options on the shares Wednesday for $18.26 apiece and sold them the same day for $25 each.

The company granted the stock option in 2003 and it was due to expire May 2.

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.

DirecTV is based in El Segundo, Calif.

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 This material may not be published, broadcast, rewritten or redistributed.

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