Camera Platforms Shares Acquired From Ex-Officer

Camera Platforms International in Valencia said 972,000 shares of the company’s stock have been acquired from William Fredrick, who resigned earlier this month as the company’s chief engineer and as a director.

Camera Platforms, which leases camera cars used in film and television productions, said it bought 272,000 shares for $516,800, or $1.90 a share. Movie director Hal Needham, chairman and chief executive, said he also received 100,000 of Fredrick’s shares under a previous agreement the two men had when they started the company.

Some 600,000 shares also were acquired for an undisclosed price by UST Inc., the parent company of UST Enterprises, and a major investor in Camera Platforms. Needham said that 500,000 of those shares had been previously optioned by UST.