SVP of Alkermes plc just cashed-in 11,000 options

James L Botkin, SVP of Alkermes plc, recently cashed-in 11,000 options. The options were exercised at $14.60, while the sales took place at $32.64 per share, on October 04, 2013. Botkin continues to hold 2,509 shares of the company. Botkin operates out of Gainesville, GA. Some additional info was provided as follows:

This option exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $32.15 to $32.92. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request. The option becomes exercisable in three annual installments: 33,000 vesting on 10/5/2012, 33,000 vesting on 10/5/2013 and 34,000 vesting on 10/5/2014.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Alkermes plc next reports earnings on October 28, 2013.

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