Couple Sell Shares in Unico American Corp.

A Pacific Palisades couple cut their stake in Unico American Corp. to 3.3% of the insurance company’s stock.

In a filing with the Securities and Exchange Commission, Arnold Jack Cheldin and his wife, Suzanne, said they sold 373,600 Unico shares between Aug. 1 and Sept. 26 at prices ranging from $4.43 to $6.06 a share.

The couple now own 175,000 shares of Unico, a property-casualty insurer based in Woodland Hills whose principal unit is Crusader Insurance Co. Arnold Jack Cheldin is the brother of Unico Chairman Erwin Cheldin.