1.33%SPY 122.59 1.16%XLF 20.83 0.71%
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NEW YORK - The president and chief operating officer of electricity and natural gas distributor Teco Energy Inc. exercised options for and then sold 22,233 shares of common stock, according to a Securities and Exchange Commission filing Friday.
| TE | 16.39 |  -0.31 |
In a Form 4 filed with the SEC, John B. Ramil reported he exercised the options for $11.09 apiece Thursday then sold the shares the same day for $21.20 to $21.23 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.
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