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HMS Holdings CEO Exercises Options



By AP
14 April 2008 @ 12:05 pm EST

WASHINGTON - The chairman and chief executive of HMS Holdings Corp. exercised options for 30,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.

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HMSY 24.96 -0.24

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In a Form 4 filed Friday with the SEC, Robert M. Holster reported he exercised the options Thursday for $1.19 to $6.95 apiece and then sold all 30,000 shares on the same day for $28.44 to $28.50 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, which provides cost recovery to government health care programs, is based in New York.

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 This material may not be published, broadcast, rewritten or redistributed.

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