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NEW YORK (AP) -- The chief operating officer of image sensor company Omnivision Technologies Inc. exercised options for 20,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Thursday. In a Form 4 filed with the SEC, Xinping He reported exercising the shares Thursday for $16.40 apiece and selling the same number of shares on the same day for $21.96 apiece. The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information. 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. Omnivision is based in Sunnyvale, Calif.
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