Pall chief sells millions in stock options

Pall Corp.'s Eric Krasnoff, chairman, chief executive and president of the Port Washington filtration maker, last week exercised company stock options for nearly $8.5 million.

Krasnoff's sales are documented in filings with the Securities and Exchange Commission.
In two sets of transactions, he exercised options for 167,948 shares for a total sale price of $8,472,522.

In the first set of transactions, on Dec. 14, Krasnoff exercised options on 102,449 shares, buying them for $22.09 per share and selling them for $49.47 a share. His outlay was $2.26 million, and proceeds were $5.07 million.

In the second set of transactions, on Dec. 15, Krasnoff exercised options on 68,499 shares, buying them for $22.09 and selling them for $49.55 a share. His outlay was $1.51 million, and proceeds were $3.39 million.

With a market capitalization of $5.78 billion, Pall had $2.4 billion in revenue for the fiscal year ending July 31. In that period, its net income available to holders of its common stock was $241.25 million.