Francis Patton, customer services director at Punch Taverns, has cashed in share options, banking more than £159,000. Patton paid £32,800 for 16,000 shares at the exercise price of 205p, before selling the stock at the market price of 1202.41p, generating £192,385 – a profit of £159,585. Patton currently holds 19,639 shares in the company, with another 90,093 shares awaiting maturity.