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Waddell & Reed SVP Williams exercises options



By AP
13 May 2008 @ 01:39 pm EST

WASHINGTON - The senior vice president of public affairs of investment manager Waddell & Reed Financial Inc. exercised options for 25,316 shares of common stock, according to a Securities and Exchange Commission filing.

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In two Form 4s filed Monday with the SEC, Robert J. Williams Jr. reported he exercised the options Friday for $14.63 and $18 apiece and then sold all 25,316 shares on the same day for $33.45 to $34.12 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.

Waddell & Reed is based in Overland Park, Kan.

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 This material may not be published, broadcast, rewritten or redistributed.

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