Execs cash in on CCA stock run

Nashville Business Journal - August 11, 2006

With Corrections Corp. of America stock flying high, a pair of executives at the company cashed in shares this month.

On Aug. 1, President and CEO John Ferguson exercised an option to buy 10,000 shares at $8.75, then sold them for $54.52, netting a profit of $457,700. Meanwhile, Vice President and Treasurer Todd Mullenger on Tuesday sold 18,057 shares at a price of $60.55, netting him $1.1 million.

Nashville-based CCA owns and operates prisons across the country, and has seen its stock price climb from the mid-$30s to more than $60 in the past year. At about 10:50 a.m. Friday, the shares were trading at $61.07, up 0.4 percent from their Thursday close.