Move's CEO just cashed-in 20,000 options

Steve Berkowitz, Move's CEO and a director of the company, recently cashed-in 20,000 options. The options were exercised at $6.08, while the sales took place at $14.91 per share, on December 19, 2013. Berkowitz continues to hold 431,047 shares of the company. Berkowitz operates out of San Jose, CA. Some additional info was provided as follows:

Same-Day-Sale exercise of stock option, including sale of all shares subject to such exercise. These transactions were effected pursuant to a 10b5-1 trading plan previously established by the reporting person. The price reported in column 4 is a weighted average price (exact weighted average price was $14.914381). These shares were sold in multiple transactions at prices ranging from $14.68 to $15.12 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer and the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. Option vests one-quarter of the shares on grant date. The remaining three-quarters of the shares vest monthly over a period commencing from the first anniversary of the grant date and continuing during the following 36 month period.

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

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