(The Associated Press circulated the following on August 1.)
NEW YORK — The executive vice president and chief operations officer of railroad operator Burlington Northern Santa Fe Corp. (NYSE:BNI) exercised options for 38,331 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Tuesday, Carl R. Ice reported he exercised options for the shares Monday for $31 to $35.58 apiece and then sold all of them the same day for $82.40 to $82.65 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.
Burlington Northern is based in Fort Worth, Texas.