Accenture Chief Executive sells Shares
Date: 23-10-2007
Source: Associated Press Newswires
The chief executive of business consulting at Accenture Ltd., a consulting firm, sold 17,034 shares of stock, according to a Securities and Exchange Commission filing Monday.
In a Form 4 filed with the SEC, Mark Foster reported he sold the shares for $40.38 apiece to $40.81 apiece on Thursday.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Accenture is based in Bermuda.
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