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Pacific Ethanol Chairman Sells 174,000 Shares
By Mr Ethanol | May 25, 2007
Yahoo! Finance:
Pacific Ethanol Inc.’s chairman of the board has sold 174,000 shares of stock at prices ranging from $14.35 to $14.78 per share from May 16 until Tuesday.
William L. Jones, a former California secretary of state and one of the ethanol company’s earliest investors, owned 1.4 million shares of the Sacramento-based company after the sales, a more than three percent stake. The sales were disclosed in filings with the Securities and Exchange Commission.
Pacific Ethanol president and chief executive officer Neil Koehler sold 2,912 shares at $16 each on May 14.
Separately, Microsoft founder Bill Gates bought 1,000 shares of Pacific Ethanol’s stock for $14.28 per share on Friday, according to an SEC filing. Gates and his Kirkland, Wash. investment banking company Cascade Investment LLC own more than 10 percent of the ethanol company’s shares.
Topics: Ethanol, News, Stock Market |
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