Genomic Health's EVP of R&D & CMO just sold 5,000 shares

Steven Shak, Genomic Health's EVP of R&D & CMO, recently sold 5,000 shares of the company. The sales took place at $35.33 per share, on July 23, 2013. Shak still owns 318,283 shares of the company. Shak operates out of Redwood City, CA. Some additional info was provided as follows:

This sale of common stock was effected pursuant to a Rule 10b5-1 sales plan adopted by the reporting person on March 5, 2013. Reporting person undertakes to provide upon request by the Securities and Exchange Commission, the issuer or a securityholder of the issuer detailed information regarding the price and number of shares sold within the range indicated. Represents weighted average sale price. Actual sale prices ranged from $35.14 to $35.59. Includes 4,500 restricted stock units awarded January 27, 2011, of which 1/3 of the shares vest on February 15, 2014, and the 1/3 of the shares that vested on each of February 15, 2012 and 2013, net of withholding. Includes 5,700 restricted stock units awarded February 5, 2012 which vest as to 1/3 of the shares on February 15, 2014 and 2015, and the 1/3 of the shares that vested on February 15, 2013, net of withholding.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Genomic Health next reports earnings on August 05, 2013.

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