http://biz.yahoo.com/ap/070109/echostar_insider_sale.html?.v=1
EchoStar Executive Vice President James DeFranco Sells 52,461 Shares
NEW YORK (AP) -- An executive vice president of satellite television broadcaster EchoStar Communications Corp. sold 52,461 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Monday.
In a Form 4 filed with the SEC, James DeFranco reported he sold the shares Thursday and Monday for $38.53 to $39.02 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.
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.
EchoStar is based in Englewood, Colo.
EchoStar Executive Vice President James DeFranco Sells 52,461 Shares
NEW YORK (AP) -- An executive vice president of satellite television broadcaster EchoStar Communications Corp. sold 52,461 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Monday.
In a Form 4 filed with the SEC, James DeFranco reported he sold the shares Thursday and Monday for $38.53 to $39.02 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.
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.
EchoStar is based in Englewood, Colo.