Quintiles IMS Executive Profits Over $1.2 Million from Stock Options


By Addison Lalier, NC BIZ News

A Quintiles IMS executive exercised company options and sold stock to profit over $1.2 million, according to a filing with the Securities and Exchange Commission.

Vice President James H. Erlinger III exercised 10,000 options at $30.07 a share, for a total value of $300,700. He sold 10,000 shares at a price of $94.52, for a total value of $945,200. Erlinger profited a total of $1.24 million from the transaction.

Erlinger was appointed vice president and general counsel of Quintiles in January 2013. He is responsible for Quintiles’ global legal operations. Prior to Quintiles, Erlinger served a 27-year career at the law firm of Bryan Cave in St. Louis, Missouri.

Quintiles IMS is global health information services and clinical research company. The Durham-based company has a team of 50,000 employees in over 100 markets.

Quintiles stock closed Friday at $95.07 per share, up 11 cents.

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