Pulte Homes CFO exercises expiring stock options

AP News
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Posted: Nov 13, 2009 5:09 PM

Homebuilder Pulte Homes Inc. said Friday that its chief financial officer, Roger A. Cregg, raised his stake by exercising stock options that were set to expire.

Pulte Homes said Cregg added 54,000 shares to his stake by exercising options that would have expired in November and shares that would have expired during a trading blackout period in February before the company shares its fourth-quarter report.

Cregg exercised 188,000 stock options and sold 134,000 of the shares to cover the cost of exercising them.

Pulte also said that its chief operating officer, Steven C. Petruska, exercised and sold 3,000 shares. They would have expired in November.

Pulte shares fell 9 cents in after-hours trading after falling 9 cents to finish regular trading at $9.69.