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:
President of MarineMax just cashed-in 60,119 options - Jan. 27, 2015
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<b>[Paper]</b> - Jan. 13, 2015