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United States Steel operating chief exercises options



By AP
09 May 2008 @ 03:02 pm EST

NEW YORK - The executive vice president and chief operating officer of steel producer United States Steel Corp. exercised options for 11,000 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.

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In a Form 4 filed with the SEC, John H. Goodish reported he exercised options for the shares on Tuesday for $40.37 apiece and then sold 9,865 of them the same day for $170 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.

United States Steel is based in Pittsburgh.

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 This material may not be published, broadcast, rewritten or redistributed.

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