MCI WorldCom vice chairman files to sell shares
Wednesday June 9, 4:08 pm Eastern Time
WASHINGTON, June 9 (Reuters) - John Sidgmore, vice
chairman of long distance telephone company MCI WorldCom
Inc. (Nasdaq:WCOM - news), plans to sell 400,000 common
shares of the company worth more than $35 million, a regulatory
filing on Wednesday said.
Sidgmore, who also sits on the board of the No. 2 U.S. long distance provider, acquired the shares on June 4 by exercising a stock option, his filing with the Securities and Exchange Commission showed.
A spokeswoman at MCI WorldCom, based in Mississippi, declined to comment on Sidgmore's filing.
As of April 1, Sidgmore beneficially owns 3,040,688 common shares, or less than 1 percent of the 1.8 billion common shares that MCI WorldCom has outstanding, according to the company's most recent proxy filed with the SEC on April 23.
His stake includes 901,789 shares purchasable upon the exercise of options, the proxy said.
MCI WorldCom's stock price is trading up $1.50 to $90.50 on Nasdaq.
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