Select Comfort Corporation director just cashed-in 8,500 options

Brenda J Lauderback, a director of Select Comfort Corporation, recently cashed-in 8,500 options. The options were exercised at $17.31, while the disposals took place at $22.51 per share, on February 16, 2017. Lauderback continues to hold 32,242 shares of the company. Lauderback operates out of Minneapolis, MN. Some additional info was provided as follows:

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices between $22.5050 and $22.5250, inclusive. The reporting person will provide to the SEC Staff, Select Comfort or any security holder of Select Comfort, upon request, full information regarding the number of shares sold at each separate price. Includes 3,303 restricted stock units that will vest over time. This option was fully vested and exercisable.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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