Timken EVP Eisenberg Exercises Options

Resource from: CBCC Likes:2937

Feb 18,2008

Timken EVP Eisenberg Exercises Options The executive vice president of finance and administration of Timken Co., which makes engineered bearings and alloy and specialty steel products, exercised options for 8,750 shares of common stock, according to a Securities and Exchange Commission filing. In a Form 4 filed Wednesday with the SEC, Glenn A. Eisenberg reported he exercised the options Wednesday for $25.21 apiece and then sold a total of 18,193 shares on the same day for $30.40 and $30.44 apiece. He also surrendered 1,601 shares Tuesday and Wednesday back to the company for $30.36 and 30.40 apiece. Insiders can surrender shares as a way to cover either taxes or the cost of exercising options. 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.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous FAG Bearings Q3 Net Drops 32.37% on Lower Margin
Next Micro Manipulator Stage Has Preloaded Cross Roller Bearings

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.