Lincare execs sell stock en masse

Tuesday, July 31, 2007

CLEARWATER, Fla. - Lincare CFO Paul Gabos sold 50,000 shares of common stock under a prearranged trading plan, according to a Form 4 filed with the Securities and Exchange Commission (SEC) July 3. Lincare President and COO Shawn Schabel sold 20,000 shares and Chairman and CEO John Byrnes sold 80,000 shares, according to forms filed June 25 and June 19. Gabos exercised the options for $24.45 each and sold them them the same day for $39.95, Schabel exercised them for $24.50 and sold them for $40, and Byrnes exercised them for $12.31 and sold them for $38.97. Prearranged 10b5-1 trading plans allow company insiders to sell shares, even though they may have material nonpublic information.