The Advisory Board Company's President just cashed-in 6,437 options


David L Felsenthal, The Advisory Board Company's President and a director of the company, recently cashed-in 6,437 options. The options were exercised at $22.38, while the sales took place between $61.63 and $62.55 per share, on December 19, 2013. Felsenthal continues to hold 30,149 shares of the company. Felsenthal operates out of Washington, DC. Some additional info was provided as follows:

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. These shares were sold in multiple transactions at prices ranging from $61.34 to $62.31. The price reported in Column 4 reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range at which the transaction was effected. These shares were sold in multiple transactions at prices ranging from $62.42 to $62.68. The price reported in Column 4 reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range at which the transaction was effected.

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

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