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Geo Group unit head exercises options



By AP
22 May 2008 @ 03:17 pm EST

NEW YORK - The president of U.S. corrections for Geo Group Inc., which operates correctional and mental health facilities, exercised options for 23,957 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 Hurley reported exercising the options on Monday for $3.17 to $6.08 apiece and then selling the same number of shares on the same day for $23.26 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.

Geo Group is based in Boca Raton, Fla.

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 This material may not be published, broadcast, rewritten or redistributed.

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