Redstone Moves Some Viacom Shares

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Viacom chairman Sumner M. Redstone exercised options for 24,430 shares of common stock and sold 14,538 additional shares under a prearranged trading plan, according to a Securities and Exchange Commission filing Wednesday, AP reported.

Redstone exercised the shares Monday for $22.07 apiece and then sold 3,600 of them the same day for $41.41-$41.73 apiece, according to AP. He also sold 14,538 shares for $41.74-$42.28 each.