August 13, 1999 13:23
Qualcomm Director Kadisha Looking To Sell $113M Of Stock (QCOM)
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(NewsTraders.com)-- Qualcommon Inc. (QCOM) director Neil Kadisha filed with the SEC today to register 750,000 shares of the wireless telecom equipment maker for sale, worth an estimated $113 million.
In a Form 144 filing, Kadisha provided Aug. 10 as the approximate date of sale, and named Warburg Dillon Read as broker.
Of note, a Form 144 only shows a filer's intent to sell the shares. Actual verification of the sales, if and when they occur, would be provided in a Form 4 filing.
Qualcomm has about 160.6 million common shares outstanding. The company's most recent proxy, dated Jan. 8, lists Kadisha's ownership in the company at nearly1.6 million shares, or a 2.2% stake.
Shares of San Diego-based Qualcomm were recently trading higher by $5.06, or 3.4%, to $156.06.
Copyright 1999 NewsTraders Inc. All Rights Reserved 13:31 Friday, August 13, 1999 |
