The shares were exercised and sold pursuant to a 10b5-1 Sales Plan.
1/36 of the total number of options granted vested and became exercisable on a monthly basis for a three-year period beginning on November 18, 2011, the grant date.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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Other recent filings from the company include the following:
MarineMax's Vice President West Operations just cashed-in 500 options - Sept. 15, 2014
MarineMax's Vice President West Operations just cashed-in 4,500 options - Sept. 9, 2014
Marinemax Expands Financing Capacity ~ Increases Its Borrowing Facility To $235 Million ~ - Sept. 4, 2014