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updated 11:16, Tue November 06, 2007

Intel Chief Financial Officer Exercises Options for and Sells 55,435 Shares

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NEW YORK (AP) -- The chief financial officer of semiconductor manufacturer Intel Corp. exercised options for and sold 55,435 shares of common stock, according to Securities and Exchange Commission filings Friday.

In a Form 4 filed with the SEC, Stacy J. Smith reported exercising options for the shares Wednesday for $18.63 to $20.23 apiece, and selling all the shares the same day for $26.68 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.

Intel is based in Santa Clara, Calif.

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