Lincare chairman pockets $1 million

Wednesday, January 31, 2007

CLEARWATER, Fla. - Lincare's chairman and CEO has cashed in options for 50,000 shares of common stock, turning a $1 million profit. In a Form 4 filed Dec. 15 with the Securities and Exchange Commission, John Byrnes reported exercising the shares for $17.81 and selling them for $38.92. The sale was conducted under a prearranged 10b5-1 trading plan that allows such transactions. In other news, Lincare secured a $390 million credit facility in early December. It replaces a $200 million revolving credit facility set to expire in April.