Interserve exec sells shares after exercising options

Steven Dance, an Executive Director at support services and construction group Interserve, benefitted from the stock's impressive rise so far this year by raising half a million pounds after the sale of shares post-exercise.The company said on Friday that Dance, who joined the board back in 2008, exercised options over 83,489 shares in the company and subsequently sold them at a price of 576.4679p each, raising £481,287.His total holding following the transaction was unchanged at 101,296 shares, equal to a 0.08% stake in the company and valued at around £0.59m at current market prices.The move came a month after Interserve's first-half results in which it reported that revenues rose 8.6% to £1.07bn in the six months to June 30th, while pre-tax profits were up 7.6% at £36.8m.The stock has gained nearly 50% since the start of the year.Top Director BuysAlliance Trust (ATST) Director name: Mr Karin Forseke Amount purchased: 10,000 @ 435.40p Value: £43,540CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 2,000 @ 1,169.00p Value: £23,380Top Director SellsInterserve (IRV) Director name: Mr Steven DanceAmount sold: 83,489 @ 576.47p Value: £481,287Enterprise Inns (ETI) Director name: Mr W Simon TownsendAmount sold: 100,000 @ 250.00p Value: £250,000WPP (WPP) Director name: Mr Mark ReadAmount sold: 12,965 @ 1,281.00p Value: £166,082