a fishy HALLIBURTON deal you haven't heard about yet...

[Jeffersons Ghost]

CNBC
Halliburton director exercises options
Fri., March. 14

WASHINGTON - A director of oil and gas industry services provider Halliburton Co. exercised options for 14,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed Thursday with the SEC, Debra L. Reed reported she exercised the options Tuesday for $8.38 and $22.68 apiece and then sold all 14,000 shares on the same day for $37.58 to $37.61 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.

http://www.cnbc.com/id/23631768/for/cnbc

Debra L. Reed
President and Chief Operating Officer
SAN DIEGO GAS & ELECTRIC (SDO.PR.A)

This section contains the Total Compensation for Debra L. Reed at SAN DIEGO GAS & ELECTRIC, SDO.PR.A The current role of Debra L. Reed is President and Chief Operating Officer. Total compensation includes the salary for Debra L. Reed, President and Chief Operating Officer. – Bonus information for Debra L. Reed, President and Chief Operating Officer. Restricted stock, long term incentives payouts, and other compensation for the President and Chief Operating Officer. Also included is stock options information both number of shares and value for Debra L. Reed, President and Chief Operating Officer for SAN DIEGO GAS & ELECTRIC SDO.PR.A.
http://swz.salary.com/execcomp/layouthtmls/excl_execreport_119479.html

Debra L. Reed
Born: c. 1956
Gender: Female
Race or Ethnicity: White
Occupation: Business
Nationality: United States
Executive summary: Sempra Energy subsidiary executive

University: BS Civil Engineering, University of Southern California (1978)


Southern California Gas COO (2004-)
San Diego Gas & Electric COO (2004-)
Southern California Gas President (2002-)
San Diego Gas & Electric President (2002-)
Southern California Gas CFO (2002-04)
San Diego Gas & Electric CFO (2000-04)
Southern California Gas President of Energy Distribution (1998-2001)
Southern California Gas Senior VP (1995-98)
Southern California Gas (1978-95)
Member of the Board of Genentech (2005-)
Member of the Board of Halliburton (2001-)
http://www.nndb.com/people/273/000126892/

[DS1]

1. How is exercising stock options fishy?

It's just a way to make a fast buck, assuming your exercise prices are lower than the current price.

[Jeffersons Ghost]

2. I find it odd that she "sold all 14,000 shares on the same day"

That was pretty fast "exercise." Was her exercising those options based on inside information?

[DS1]

3. I thought that was how it worked

you essentially sell the shares back to the company when you exercise them, it's an immediate transaction.

[Jeffersons Ghost]

4. here's more info on Halliburton share value

March 17, 2008 - 2,000 Shares - Buy
PRECOURT JAY A Director
Share Price: $21.83Transaction Value: $43.7KExercise or conversion of derivative security exempted pursuant to Rule 16b-3 reported on 03/17/08
March 12, 2008 - 371 Shares - Sell
ANGELLE EVELYN M Controller & Vice President
Share Price: $36.98Transaction Value: $13.7KDispostion to the issuer of issuer equity secs pursant to Rule 16b-3 reported on 03/12/08
March 11, 2008 - 10,000 Shares - Buy
REED DEBRA L Director
Share Price: $22.68Transaction Value: $226.8KExercise or conversion of derivative security exempted pursuant to Rule 16b-3 reported on 03/11/08
March 11, 2008 - 2,394 Shares - Sell
REED DEBRA L Director
Share Price: $37.59Transaction Value: $90.0KOpen market or private sale of non-derivative or derivative security reported on 03/11/08
March 11, 2008 - 7,606 Shares - Sell
REED DEBRA L Director
Share Price: $37.58Transaction Value: $285.8K

[RB TexLa]

5. That is how it works immediate and paperless

Mellon (usually) just buys, sells, withholds and sends the funds. I don't see what's odd either.

[Yael]

6. They may have nad an expiration date

It isn't all that much money. The net average is only $91,000.

[Jeffersons Ghost]

7. have you got an extra $91,000. laying around that I can borrow?

I'm a little short this month

[Yael]

9. Are you kidding? Sorry -- I am in the pc to pc crowd.

I am just saying that this isn't a scandal.

[Jeffersons Ghost]

10. Yes I was kidding... your previous comment was irresistable, sorry...

It's not a "scandal" but it's suspicious. In a stock that should be VERY stable, radical fluctuations in its value make me suspicious. With Halliburtons surprising changes in value, she certainly made a quick buck or two or $91,000.

[elehhhhna]

11. You buy & sell on the same day, all stock trans. have one week to "settle", so you

get the difference (spread) in a check. Costs nothing upfront.

[TreasonousBastard]

8. "Fishy" is another name for jealousy-- she's a director who...

can exercise options and I'm not.