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Power Integrations VP exercises options



By AP
23 May 2008 @ 01:15 pm EST

NEW YORK - The vice president of engineering at Power Integrations Inc., which makes high-voltage analog integrated circuits, exercised options for 9,837 shares of common stock, according to a Securities and Exchange Commission filing Thursday.

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POWI 16.04 -1.51

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In a Form 4 filed with the SEC, Derek Bell reported he exercised options for the shares Wednesday for $12.10 to $14.82 apiece and sold the shares the same day for $33 to $33.14 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.

Power Integrations is based in San Jose, Calif.

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 This material may not be published, broadcast, rewritten or redistributed.

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