RBC Bearings Executive Exercises Options

RBC Bearings Executive Exercises Options The vice president and general manager of RBC Bearings Inc., which makes ball bearings for the industrial, defense and aerospace industries, exercised options for 7,500 shares of common stock, according to a Securities and Exchange Commission filing lastThursday. In a Form 4 filed with the SEC, Richard J. Edwards reported he exercised options for the shares Wednesday for $8 apiece and then sold all of them the same day for $40.44 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. RBC Bearings is based in Oxford, Conn.