(The Associated Press circulated the following on September 20.)
NEW YORK — The senior vice president of human resources at Union Pacific Corp. exercised options for 31,236 shares of common stock and sold them under a prearranged trading plan, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Wednesday, Barbara W. Schaefer reported she exercised options for the shares Tuesday for $55 to $67.13 apiece and then sold 45,090 shares the same day for $115 to $115.01 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 non-public 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.