Angelo Mozilo, chairman and CEO of Countrywide Financial Corp., exercised options for 70,000 shares of the company’s common stock at $9.60 per share and sold them for $41.46, the company said. The stock sale was part of a pre-arranged trading plan that establishes dates for such transactions in advance and allows participants to conduct the transactions whether or not they come into possession of material non-public information during that time.
