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 Medis President Exercises Options
Publication Date:19-December-2006
04:30 PM US Eastern Timezone 
Source:Associated Press
NEW YORK (AP) -- The president of Medis Technologies, whiich makes liquid fuel cell batteries, exercised options for 20,000 shares of common stock, according to a Securities and Exchange Commission filing Friday.

In a Form 4 filed with the SEC, Jacob S. Weiss reported he exercised the options last Thursday for $8.75 apiece and then sold all of them the same day for $19.07 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Medis Technologies is based in New York.

 
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