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Owens-Illinois CFO exercises options



By AP
20 May 2008 @ 02:02 pm ET

NEW YORK - The senior vice president and chief financial officer of Owens-Illinois Inc., which makes glass containers, exercised options for 11,250 shares of common stock, according to a Securities and Exchange Commission filing.

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In a Form 4 filed with the SEC Monday, Edward C. White reported he exercised the options Friday for $24.17 apiece and then sold 7,499 of the shares on the same day for $56.15 to $56.24 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.

Owens-Illinois is based in Perrysburg, Ohio.

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 This material may not be published, broadcast, rewritten or redistributed.

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