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Caterpillar group president exercises options for shares



21 April 2008 @ 01:41 pm EST

NEW YORK (AP) - A group president of construction equipment manufacturer Caterpillar Inc. exercised options for 2,798 shares of common stock, according to a Securities and Exchange Commission filing Friday.

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In a Form 4 filed with the SEC, Steven Wunning reported he exercised options for the shares Friday for $19.20 apiece, and then sold all of them for $82 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.

Caterpillar is based in Peoria, Ill.

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 This material may not be published, broadcast, rewritten or redistributed.

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