NEW YORK - The chief technology officer and senior vice president of securities exchange IntercontinentalExchange Inc. exercised options for 1,412 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Monday.
| ICE | 58.5 |
In a Form 4 filed with the SEC, Edwin D. Marcial reported he exercised options for the shares Friday for $104.23 apiece and then sold 3,285 shares on the same day for $158.65 to $159.07 each.
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 non-public 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.
IntercontinentalExchange is based in Atlanta.
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