April 3, 2008 - 11:46 a.m.

WASHINGTON (AP) - A director of drug and medical device maker Abbott Laboratories exercised options for and sold 5,124 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed Wednesday with the SEC, W. Ann Reynolds reported she exercised the options Tuesday for $33.95 apiece and then sold all 5,124 shares on the same day for $55.05 to $55.10 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.

Abbott Laboratories is based in Abbott Park, Ill.