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Ross Stores CEO Exercises Options



27 March 2008 @ 03:55 pm EST

NEW YORK (AP) - The vice chairman, president and chief executive of discount apparel retailer Ross Stores Inc. exercised options for 40,000 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, Michael Balmuth reported he exercised options for the shares Tuesday for $19.31 apiece and then sold the same number of them the same day for $30.67 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.

Ross Stores is based in Pleasanton, Calif.

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 This material may not be published, broadcast, rewritten or redistributed.

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