Parker Drilling Chairman and CEO Robert L. Parker Jr. Exercises Options for 600,000 Sharesadmin
The chairman, president and chief executive of Parker Drilling Co., which provides drilling and related services to the oil and gas industry, exercised options for 600,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Tuesday, Robert L. Parker Jr. reported he exercised the options Friday and Monday for $8.88 apiece and then sold all 600,000 of them on the same days for $10.30 to $10.60 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.
Parker Drilling is based in Houston.
Information from: AP via biz.yahoo.com