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WASHINGTON - The vice president and treasurer of motion-control system maker Parker Hannifin Corp. exercised options for 16,150 shares of common stock, according to a Securities and Exchange Commission filing.
| PH | 44.05 |  -1.62 |
In a Form 4 filed Friday with the SEC, Pamela J. Huggins reported she exercised the options Wednesday for $36.26 to $49.75 apiece and then sold a total of 12,760 shares on the same day for $79.13 to $79.21 apiece.
She surrendered 2,476 shares Wednesday back to the company for $81.06 apiece. Insiders can surrender shares as a way to cover either taxes or the cost of exercising options.
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.
Parker Hannifin is based in Cleveland.
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