Updated ownership records,
New York--Oct 20--Four top executives at USABancShares.com, an Internet bank hammered by investors this year, loaded up on their company's downtrodden stock earlier this month, spending a total of $1.29 million and boosting their individual holdings by 50%. According to The Washington Service, the executives acquired 191,200 shares of the Philadelphia bank on Oct 5 at 6 3/4, a 6-month low for the stock. Taking advantage of the sell-off, Chief Executive Kenneth Tepper bought 75,000 shares; Chief Financial Officer Brian Hartline acquired 41,000 shares; Chairman George Laughlin added 50,000 shares; and vice president Craig Scher added 25,200 shares.
Kenneth L. Tepper 617,644 – 11.4%
George M. Laughlin 174,086 – 3.2%
Carol J. Kauffman 125,334 – 2.3%
John A. Gambone 120,902 – 2.2%
Zeev Shenkman 119,400 – 2.2%
Brian M. Hartline 121,000 – 2.2%
George C. Fogwell, III 89,506 – 1.7%
Craig J. Scher 75,884 – 1.4%
Clarence L. Rader 35,378 - .6%
Wayne O. Leevy 23,690 - .4%
Directors/Officers 1,502,824/5,414,784 shares – 27.75% |
