Lincare officer pockets $675,000

Thursday, May 31, 2007

CLEARWATER, Fla. - Lincare CFO Paul Gabos has sold 120,000 shares of common stock under a prearranged trading plan, according to a Form 4 filed April 9 with the Securities and Exchange Commission (SEC). Gabos exercised the options for $24.50 each, and then sold them the same day for $38 each, turning a $675,000 profit. Prearranged 10b5-1 trading plans allow company insiders to sell shares, even though they may have material nonpublic information. Lincare CEO John Byrnes sold 50,000 shares of common stock Dec. 15, 2006, turning a $1 million profit.