$5.5M profit for Bristow CEO in share options sales

$5.5M profit for Bristow CEO in share options sales

20-Sep-2013 Source: HeliHub.com

Bristow Group CEO William Chiles exercised three tranches of share options in the last 10 days

11th September – 70,900 options exercised at $32.90 and sold at $70.1838 (SEC filing)

16th September – 3,189 options exercised at $32.90 and 24,288 at $30.16 and sold together at $70.0018 (SEC filing)

17th September.   25,000 options exercised at $35.06 and 21,778 at $30.16 and sold together at $70.569 (SEC filing)

This equates to a combined profit of $5,508,226

Editor note – this story replaces two earlier stories as we had not previously realised that the share sales were all related to exercising of options – thus appropriate to link them in a single story

Ben Haverdee – HeliHub.com

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