Perrigo director sells shares, exercises options for 7.4% ownership

By Lisa Kerner

Charlotte, N.C., Dec. 15 - Perrigo Co. director Moshe Arkin sold 36,736 shares of the company's stock on Sept. 29 and Sept. 30 priced from $34.00 to $34.14 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.

Arkin also exercised 55,000 previously granted employee stock options on Dec. 3 for a total exercise price of $819,650, the filing said.

Of these options, 40,000 were exercised at $14.69 a share and 15,000 were exercised at $15.47 a share.

Arkin beneficially owns 6,803,500 shares, or approximately 7.4%, of the Allegan, Mich., company that develops, manufactures and distributes over-the-counter and prescription pharmaceuticals.

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