1.15%XLF 21.35 0.19%QQQQ 46.12 2.10%
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NEW YORK - The executive vice president and general counsel of military contractor DRS Technologies Inc. exercised options for 2,600 shares of common stock, according to a filing with the Securities and Exchange Commission.
| DRS | 79.62 |  0.14 |
In a Form 4 filed with the SEC Thursday, Nina Laserson Dunn reported exercising the options on Wednesday for $32.08 apiece, then selling all 2,600 shares on the same day for $60 apiece.
The transactions were conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public 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.
DRS Technologies is based in Parsippany, N.J.
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