(The Associated Press circulated the following on April 11.)
WASHINGTON, D.C. — The vice president for external relations of the nation’s largest railroad operator Union Pacific Corp. sold 7,613 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.
In a Form 4 filed Tuesday with the SEC, Mary E. McAuliffe reported she sold the shares Monday for $110 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
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.
Union Pacific is based in Omaha, Neb.