CarMax
President and chief executive Thomas Folliard exercised options to acquire 165,000 shares of CarMax stock for more than $2.6 million. He then sold those shares on the open market for $27.28 per share or $4.5 million. Folliard also still owns more than 374,000 shares.
Joseph Kunkel, a senior vice president, exercised options to acquire 40,000 shares for $7.14 per share or $285,600. He then sold 50,400 shares at market price for more than $1.3 million.
Chief Accounting Officer Michael Dolan exercised options to acquire 240,509 shares for $3.3 million. He then sold the same number of shares for $27.21 per share or $6.5 million.
Eric Margolin, CarMax’s general counsel, exercised options to buy 50,000 shares for $19.36 per share or $968,000. He then sold them for $1.3 million.
Beth Stewart, a director, exercised options to buy 13,756 shares for $167,605. Stewart sold the same number of shares for $376,922.
Colfax
Clayton Perfall, who was recently appointed a director, received 5,556 shares at no cost.
Dominion Resources
The company and its subsidiary Virginia Electric and Power Co. entered into a $3 billion, three-year revolving credit agreement with JPMorgan Chase Bank, Bank of America, Barclays Capital, the Royal Bank of Scotland and Wells Fargo Bank. The credit line replaces one it has had since 2006 that was set to expire in February. Dominion also secured a $500 million, three-year credit line from Keybank, Bayerische Landesbank and U.S. Bank.
Massey Energy
Director Dan Moore received 39 shares of phantom stock valued at $30.55 per share. The shares will eventually convert to cash or actual shares of Massey common stock.
MeadWestvaco
Robert Feeser, a senior vice president, filed his initial report of ownership of more than 17,000 share of MWV stock and options for an additional 276,000 shares.
SouthPeak Interactive
The company said it is unable to file its year-end financials by the mandatory deadline. It cited time constraints as the cause of the delay. The company, its board and auditors are still reviewing the financials for its fiscal year ending June 30.
SouthPeak also said that it entered into a master purchase order assignment agreement with Wells Fargo Bank by which the bank could handle customer purchase orders for the company.
Star Scientific
Christopher Chapman Jr., a director, was awarded stock options for 50,000 shares with an exercise price of $2.03 per share. The options expire in the year 2020. Chapman already owns 375,000 shares of Star Scientific’s stock.
Michael Schwartz is a BizSense editor. Please send news tips to [email protected].
CarMax
President and chief executive Thomas Folliard exercised options to acquire 165,000 shares of CarMax stock for more than $2.6 million. He then sold those shares on the open market for $27.28 per share or $4.5 million. Folliard also still owns more than 374,000 shares.
Joseph Kunkel, a senior vice president, exercised options to acquire 40,000 shares for $7.14 per share or $285,600. He then sold 50,400 shares at market price for more than $1.3 million.
Chief Accounting Officer Michael Dolan exercised options to acquire 240,509 shares for $3.3 million. He then sold the same number of shares for $27.21 per share or $6.5 million.
Eric Margolin, CarMax’s general counsel, exercised options to buy 50,000 shares for $19.36 per share or $968,000. He then sold them for $1.3 million.
Beth Stewart, a director, exercised options to buy 13,756 shares for $167,605. Stewart sold the same number of shares for $376,922.
Colfax
Clayton Perfall, who was recently appointed a director, received 5,556 shares at no cost.
Dominion Resources
The company and its subsidiary Virginia Electric and Power Co. entered into a $3 billion, three-year revolving credit agreement with JPMorgan Chase Bank, Bank of America, Barclays Capital, the Royal Bank of Scotland and Wells Fargo Bank. The credit line replaces one it has had since 2006 that was set to expire in February. Dominion also secured a $500 million, three-year credit line from Keybank, Bayerische Landesbank and U.S. Bank.
Massey Energy
Director Dan Moore received 39 shares of phantom stock valued at $30.55 per share. The shares will eventually convert to cash or actual shares of Massey common stock.
MeadWestvaco
Robert Feeser, a senior vice president, filed his initial report of ownership of more than 17,000 share of MWV stock and options for an additional 276,000 shares.
SouthPeak Interactive
The company said it is unable to file its year-end financials by the mandatory deadline. It cited time constraints as the cause of the delay. The company, its board and auditors are still reviewing the financials for its fiscal year ending June 30.
SouthPeak also said that it entered into a master purchase order assignment agreement with Wells Fargo Bank by which the bank could handle customer purchase orders for the company.
Star Scientific
Christopher Chapman Jr., a director, was awarded stock options for 50,000 shares with an exercise price of $2.03 per share. The options expire in the year 2020. Chapman already owns 375,000 shares of Star Scientific’s stock.
Michael Schwartz is a BizSense editor. Please send news tips to [email protected].