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DIRECTOR DEALINGS: Reed Elsevier CEO Exercises Share Options

Fri, 8th Nov 2013 16:50

LONDON (Alliance News) - Reed Elsevier PLC Friday said Chief Executive Officer Erik Engstrom exercised share options in the company Thursday, and subsequently sold most of the resulting shares.

He got got 154,517 shares in Reed Elsevier PLC for 533.50 pence each and sold 150,517 of them at 877.3643 pence. He got 105,412 shares in Reed Elsevier NV for EUR11.31 and sold 103,412 of them for EUR15.2771.

He now holds 114,553 Reed Elsevier PLC shares and 513,766 shares of Reed Elsevier NV.

Human Resources Director Ian Fraser Thursday exercised share options and all the shares acquired upon the exercise were subsequently sold as outlined below.

Stock               Date of grant               No. of options              Option price    Sale price

RE NV             21/02/2008                  34,500                         €12.21             €15.118441    

RE NV             26/05/2010                  29,244                         €8.31               €15.011778    

RE PLC           15/02/2007                  48,072                         644.50p           875.2674p

RE PLC           21/02/2008                  53,000                         627.50p           870.3826p      

RE PLC           26/05/2010                  44,533                         466.50p           870.8096p


Shares in the Anglo-Dutch professional information solutions provider closed at 884.50 pence up 0.68%.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @arvindbhunjun

Copyright © 2013 Alliance News Limited. All Rights Reserved.

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