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NEW YORK (AP) - The vice president of marketing at Power Integrations Inc., which makes high-voltage analog integrated circuits, exercised options for 13,615 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Tuesday.
| POWI | 31.8 |  0.64 |
In a Form 4 filed with the SEC, Doug Bailey reported he exercised options for the shares on Tuesday for $19.73 apiece and then sold all of them the same day for $33 to $33.05 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan, which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
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.
Power Integrations is based in San Jose, Calif.
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