SkyMall CEO Registered To Sell 400,000 Common Shares >SKYM
12/30/98 15:32
WASHINGTON (Dow Jones)--SkyMall Inc. (SKYM) Chief Executive
Robert Worsley registered to sell 400,000 shares of common stock,
according to a Form 144 released Wednesday by the Securities and
Exchange Commission.
A Form 144 indicates an intention to sell restricted stock,
according to Federal Filings Business News. The filing of a Form
144 opens the door for an individual to sell the shares, but doesn't
constitute proof that the actual sale of the shares will occur
or has occurred.
The filing indicates that Worsley intended to sell the shares
on Dec. 28 on Nasdaq. Piper Jaffray Inc. was listed as the broker
for the sale.
SkyMall is an in-flight catalog company that sells merchandise
provided by participating merchants via catalogs carried in airplane
seat pockets. It has agreements with America West, Continental,
Delta, Southwest, TWA, United and USAir. In October, the company
acquired Durham & Co., a publisher of logo merchandise catalogs,
for approximately $3.1 million. |
