Summary
This 8-K filing from Becton, Dickinson and Company (BDX) reports on significant stock option exercises and sales by Gary M. Cohen, President of BD Medical. On February 19, 2004, Mr. Cohen exercised options for 97,612 shares that were granted in 1996 and were set to expire in January 2006. He subsequently sold these shares. Furthermore, Mr. Cohen purchased an additional 5,436 shares through option exercises. These transactions collectively resulted in an increase of his beneficial ownership of BDX shares (excluding unexercised options) to 47,183. The filing also notes that Mr. Cohen's ownership level continues to exceed BD's share ownership guidelines, which require ownership equivalent to at least three times his salary. Additionally, he has elected to defer a portion of his 2004 salary into a BD stock account.
Key Highlights
- 1Gary M. Cohen, President - BD Medical, exercised stock options for 97,612 shares.
- 2These exercised options were granted in 1996 and were scheduled to expire in January 2006.
- 3Mr. Cohen sold all 97,612 shares acquired upon exercise of these options.
- 4An additional 5,436 shares were purchased by Mr. Cohen through the exercise of other stock options.
- 5Mr. Cohen's beneficial ownership of BDX shares (excluding stock options) increased to 47,183 shares.
- 6Mr. Cohen's ownership level remains in excess of BD's share ownership guidelines.
- 7Mr. Cohen has elected to defer a portion of his 2004 salary into a BD stock account.