(The Associated Press circulated the following on June 30.)
NEW YORK — A director of freight railroad company CSX Corp. exercised options for 20,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Friday, William C. Richardson reported he exercised the options on Wednesday for $13.21 to $20.63 apiece and then sold all 20,000 shares on the same day for $62.91 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.
CSX is based in Jacksonville, Fla.