CVS CEO to Exercise Options and Retain Shares.

WOONSOCKET, R.I. -- CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Corporation (NYSE NYSE

See: New York Stock Exchange : CVS) today announced that Tom Ryan

This article refers to the United States gamer. For other persons named Tom Ryan, see the disambiguation page..

Tom Ryan (born August 3 1986), who plays under the pseudonym Ogre 2, is a professional gamer from Pickerington, Ohio, USA. , Chairman of the Board, President and Chief Executive Officer has initiated a 10b5-1 plan for pre-planned sales of stock. Mr. Ryan's plan calls for the exercise of 782,640 soon-to-expire options to buy CVS shares.

After paying taxes and acquisition costs out of cash proceeds of the exercise, Mr. Ryan will retain all of the remaining shares and will receive no cash. As listed in the company's proxy for its 2006 annual meeting of stockholders, Mr. Ryan beneficially owned approximately 7.8 million CVS shares as of March 2, 2006, and has not sold any CVS stock or exercised any options since that time.

CVS is America's largest retail pharmacy, operating approximately 6,200 retail and specialty pharmacy stores in 43 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . With more than 40 years of dynamic growth in the retail pharmacy industry, CVS is committed to being the easiest pharmacy retailer for customers to use. CVS innovatively serves the healthcare needs of all customers through its CVS/pharmacy stores; its online pharmacy, CVS.com; its retail-based health clinic subsidiary, MinuteClinic; and its pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. , mail order and specialty pharmacy subsidiary, PharmaCare. General information about CVS is available through the Investor Relations Investor relations

The process by which the corporation communicates with its investors. portion of the Company's website, at http://investor.cvs.com, as well as through the pressroom portion of the Company's website, at www.cvs.com/pressroom.

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Publication:	Business Wire
Date:	Dec 6, 2006
Words:	238
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