7.37%C 4.71 26.41%XLF 9.39 10.74%
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NEW YORK - The chief operating officer of DaVita Inc., which runs dialysis facilities, exercised options for 42,188 shares of common stock, according to filings with the Securities and Exchange Commission.
| DVA | 42.66 |  -4.37 |
In Form 4s filed with the SEC Wednesday, Joseph C. Mello reported exercising the options on Monday for $30.07 apiece, then selling all 42,188 shares on the same day for $51.79 to $52.47 apiece.
The transactions were conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.
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.
DaVita is based in El Segundo, Calif.
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