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Tiffany President James E. Quinn exercises 10,000 shares, then sells them

June 13, 2007

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According to a Form 4 filed with the Securities and Exchange Commission on Tuesday, Tiffany and Co. President James E. Quinn exercised options for 10,000 shares and sold them for $49.55 apiece. The shares were exercised and sold on the same day under a prearranged 10b5-1 trading plan. This allows a company insider to set up a program before a transaction and then proceed even in the event that the person gains knowledge of non-public material.
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