Metal components manufacturer NN Inc. says CEO Roderick Baty plans to exercise 66,300 stock options that are due to expire next month and began selling the shares in the open market starting on Wednesday.
The original grant date of Baty's options was Oct. 10, 2000.
In addition, the company said three of NN's board members — Michael Werner, G. Ronald Morris and Steven Warshaw — also might each exercise and sell 3,000 stock options due next month.
The company disclosed plans as regular trading came to a close on Wednesday.
Shares fell 21 cents, or 2.5 percent, to $8.36 in aftermarket trading. The stock added 4 cents to $8.57 during the regular session.
