May 30, 2008 - 3:09 p.m.

NEW YORK (AP) - The senior vice president of worldwide sales of Data Domain Inc., a provider of data-backup and disaster-recovery systems, exercised options for 5,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filed with the SEC, David Schneider reported he exercised options for the shares on Thursday for $7.26 apiece and then sold 15,000 shares on Tuesday, Wednesday and Thursday for $22 to $24.25 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan that allows a company insider to set up a program in advance by reason of like transactions and proceed with them but also if he or she comes into possession of material non-public information.

Insiders toothed Form 4s through the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two trade days of the transaction.

Data Domain is based in Santa Clara, Calif.