Barr Labs

CEO Bruce Downey exercised options for and sold 405,000 shares of the firm's stock, Barr announces Feb. 20. The options were granted in 1994 and 1995 and would have expired between August 2004 and Sept. 2005. Downey used a portion of the proceeds to purchase and hold 27,000 incentive-based options, bringing his holdings of the firm's common shares to 286,000. The CEO has been granted about 1.8 mil. options since 1993, Barr says. The firm is awaiting a decision from the FDA on the Rx-to-OTC switch of its emergency contraceptive Plan B (see story p. 4)...

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