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Teco Energy VP, general counsel exercises options



By AP
03 June 2008 @ 12:57 pm EST

WASHINGTON - The vice president and general counsel of electricity and natural gas distributor Teco Energy Inc. exercised options for 7,234 shares of common stock, according to a Securities and Exchange Commission filing.

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In a Form 4 filed Monday with the SEC, Charles A. Attal III reported he exercised the options Friday for $11.09 and $13.50 apiece and then sold all 7,234 shares on the same day for $20.29 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.

Teco Energy is based in Tampa, Fla.

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 This material may not be published, broadcast, rewritten or redistributed.

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