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Supertex director Schlam exercises options



By AP
29 May 2008 @ 05:49 pm EST

NEW YORK - A director of semiconductor maker Supertex Inc. exercised options for 8,000 shares of common stock, according to a filing with the Securities and Exchange Commission Wednesday.

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In a Form 4 filed with the SEC, Elliott Schlam reported exercising the options on Wednesday for $12.53 apiece, then selling all 8,000 shares on the same day for $25.61 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.

Supertex is based in Sunnyvale, Calif.

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 This material may not be published, broadcast, rewritten or redistributed.

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