NEW YORK — Paul Charron, chairman and chief executive officer of Liz Claiborne Inc., netted more than $2 million from stock options last week.

According to a Form 4 filed with the Securities and Exchange Commission last Wednesday, Charron acquired 120,000 Claiborne shares at $17.91, for a total cost of about $2.1 million, through the exercise of options last Tuesday. The same number of shares were sold on that day for $34.85 each, generating proceeds of $4.2 million.

Charron’s direct holdings in Claiborne totaled 325,886 shares following the transactions, more than half of them — 177,434 — in restricted stock.

In the firm’s definitive proxy, issued last March, Charron was listed as the beneficial owner of 1.1 million shares of Claiborne stock, representing 1.02 percent of its common shares. That amount included nearly 800,000 shares issuable upon the exercise of exercisable options.

The proxy also noted that Charron’s current contract with Claiborne expires next April 30 but carries automatic one-year renewals. After serving at VF Corp., Charron joined Claiborne as vice chairman and chief operating officer in 1994 and became president and ceo in 1995, relinquishing the presidency in 1996 when he was named chairman.

Claiborne shares closed up 31 cents, or 0.9 percent, to close at $35.17 in New York Stock Exchange trading Wednesday.

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