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Business Tools | Wednesday November 28 CarMax CFO Browning Exercises Options for 120,000 SharesKeith Browning, the chief financial officer and executive vice president of used-car retailer CarMax Inc. exercised options for 120,000 shares of common stock, according to a Securities and Exchange Commission filing.In two Form 4s filed with the SEC in mid-November, Browning reported he exercised the optionsfor $2.44 each and then sold all the shares the same day for $21.39 to $21.77 apiece. 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. CarMax is based in Richmond, Virginia. ©2007 Collision Repair Industry INSIGHT | FEATURED
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