BioMarin Pharmaceutical Inc.'s Chief Executive Officer just cashed-in 10,000 options

Jean Jacques Bienaime, BioMarin Pharmaceutical Inc.'s Chief Executive Officer and a director of the company, recently cashed-in 10,000 options. The options were exercised at $12.99, while the sales took place at $68.71 per share, on December 24, 2013. Bienaime continues to hold 171,480 shares of the company. Bienaime operates out of Novato, CA. Some additional info was provided as follows:

Transaction made pursuant to a Rule 10b5-1 rdinplan executed on May 1, 2013. The reporting person and his spouse act as trustees for the Bienaime Family Trust. The price in column 4 is a weighted average price. The price actually received ranged from $68.29 to $69.10. The reporting person will provide to the issuer, any security holder of the issuer, ot th SEC staff, upon request, information regarding the number of shares sold at rach price within the range. The reporting person's spouse is trustee of each child's trust. Original option grant vests 6/48th on November 11, 2006, and 1/48th on the 11th day of every month thereafter Reflects the number of stock options outstanding after the transaction from this specific stock option grant.

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

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