CEO Sells 11% of His Stake in Blockbuster
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Blockbuster Inc. Chairman and Chief Executive John Antioco sold 11% of his equity stake in the company last week, regulatory filings show.
Antioco sold 12,700 shares May 17 for $10 a share and sold an additional 150,000 shares later that week for $9.60 to $9.70, according to filings with the Securities and Exchange Commission.
Blockbuster shares fell 19 cents to $9.54 on the New York Stock Exchange.
Antioco was ousted as a director this month and then reappointed as chairman in a proxy vote at the Dallas-based company’s annual meeting.
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