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H.J. Heinz general counsel exercises options



By AP
06 June 2008 @ 03:55 pm EST

NEW YORK - The executive vice president and general counsel of food maker H.J. Heinz Co. exercised options for and then sold 12,209 shares of common stock, according to a filing with the Securities and Exchange Commission on Thursday.

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In a Form 4 filed with the SEC, Bobby Nicholas reported exercising the options on Tuesday for $49.21 apiece, then selling all the shares the same day for $49.87 to $49.89 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.

H.J. Heinz is based in Pittsburgh.

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 This material may not be published, broadcast, rewritten or redistributed.

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