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Oracle EVP exercises options for 14,224 shares



28 April 2008 @ 04:22 pm EST

NEW YORK (AP) - An executive vice president of business software maker Oracle Corp. exercised options for 14,224 shares of common stock, according to a filing with the Securities and Exchange Commission.

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In a Form 4 filed with the SEC Friday, Juergen Rottler reported exercising the options on Thursday for $11.05 to $14.57 apiece, then selling all 14,224 shares on the same day for $22 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.

Oracle is based in Redwood Shores, Calif.

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 This material may not be published, broadcast, rewritten or redistributed.

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