CHARRON SELLS: Liz Claiborne Inc. chief executive officer Paul Charron exercised some of his stock options and then sold 134,000 shares at about $33.46 a piece for a total value of about $4.5 million, according to published reports out of Washington. The strike prices on the options were $16.28 and $17.91, which means Charron grossed anywhere between $2.1 million and $2.3 million on the sale. Including restricted stock awards, Charron now directly holds 276,994 Liz Claiborne shares. The company’s stock closed up 8 cents, or 2 percent, to $34.25 on Wednesday. Neither the Securities and Exchange Commission filing nor company officials were available at press time Thursday.

This story first appeared in the May 16, 2003 issue of WWD. Subscribe Today.

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