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Chairman of Merck & Company just cashed-in 18,666 options

Kenneth C Frazier, Chairman of Merck & Company and a director of the company, recently cashed-in 18,666 options. The options were exercised at $35.09, while the disposals took place at $54.69 per share, on October 29, 2015. Frazier continues to hold 441,876 shares of the company. Frazier operates out of Kenilworth, NJ. Some additional info was provided as follows:

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices...