7.15%MS 14.86 53.51%BAC 22.41 7.38%
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NEW YORK - An executive vice president of medical device company NuVasive Inc. exercised options for 8,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Wednesday.
| NUVA | 42.61 |  1.94 |
In a Form 4 filed with the SEC, Patrick Miles reported exercising the options on Tuesday for $9.50 apiece and then selling the same number of shares on the same day for $36.11 apiece.
The stock sale was 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 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.
NuVasive is based in San Diego.
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