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Timing is everything

Seems two officers of the CMEGroup cashed in some stock options in January, prior to a short term drop in CMEGroup prices. On Jan. 15, Bryan Durkin, managing director and chief operating officer exercised options and then sold 1,500 shares of CME Group stock at $616.75, for a cool $925,125. Phupinder Gill, CME Group president sold 1,000 shares of stock at $607.25 for a total of $607,250. Today's price closed at $629.

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This page contains a single entry from the blog posted on January 25, 2008 9:58 PM.

The previous post in this blog was Leeson: "I'm sure he's very scared.".

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