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Chairman of Merck & Company just cashed-in 131,040 options

Kenneth C Frazier, Chairman of Merck & Company and a director of the company, recently cashed-in 131,040 options. The options were exercised at $44.19, while the disposals took place at $56.11 per share, on April 14, 2016. Frazier continues to hold 526,175 shares of the company. Frazier operates out of Kenilworth, NJ. Some additional info was provided as follows:

The exercise and sale transactions reported in this Form 4 are made pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average...