9.66%QQQQ 30.60 8.96%XLF 15.45 10.85%
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WASHINGTON - A director of IPG Photonics Corp., which makes fiber lasers and amplifiers, sold 15,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.
| IPGP | 15.14 |  -1.42 |
In a Form 4 filed Monday with the SEC, John H. Dalton reported he sold the shares Thursday and Friday for $16.50 and $16.59 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.
IPG Photonics is based in Oxford, Mass.
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