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WASHINGTON - The chief financial officer of Colgate-Palmolive Co., which makes products including Colgate toothpaste, exercised options for 102,000 shares of common stock, according to a Securities and Exchange Commission filing.
| CL | 70.11 |  0.02 |
In a Form 4 filed Wednesday with the SEC, Stephen C. Patrick reported he exercised the options Monday for $33.73 and $44.13 apiece and then sold 15,000 shares on Tuesday for $73.15 to $73.20 apiece.
He also surrendered 73,102 shares Monday and Tuesday back to the company for $73.04 and $73.23 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.
Colgate-Palmolive is based in New York.
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