12/10 Three MetaCreations Insiders Sell 121,000 Shares
ISSUER: METACREATIONS CORP.
SYMBOL: MCRE
WASHINGTON (FFBN) -- Three executives of MetaCreations Corp.
including the president, chief executive officer and the chief
technical officer sold a total of 121,000 shares of common stock between
Nov. 3 and Nov. 25.
According to documents released today by the Securities and
Exchange Commission, John Wilczak, president and CEO, Mark Zimmer, chief
technical officer and Bert Kolde, a director, accounted for the selling
activity.
Wilczak dumped 95,000 shares between Nov. 3 and Nov. 5 at
prices ranging between $15.63 and $15.75 per share, leaving him with
994,233 shares, with 3,000 of those being in trust for Sean Wilczak.
Zimmer let go 25,000 shares on Nov. 10 at $15.15 per share, leaving him
with 342,406 shares. Kolde sold 1,000 shares on Nov. 25 at $12.81 per
share, dropping his stake to 4,000 shares plus 2 million shares as the
director of Vulcan Ventures.
The recent sale appears to be a continuation of earlier selling
activity. In late October seven insiders, including Wilczak and Zimmer,
rid themselves of a total of 222,000 shares.
Wilczak accounted for the majority of the selling, clearing
105,000 shares between Oct. 28 and Oct. 29 at $14.88 per share. Howard
I. Morgan, a director, eliminated 35,000 shares between Oct. 28 and Oct.
31 at prices ranging from $14.39 and $14.91. Zimmer, identified
earlier, sold 25,000 shares on Oct. 29 at $15.00 per share as did Arthur
Collmeyer between Oct. 28 and Oct. 31 at prices ranging from $12.67 to
$15.00 per share.
In addition, Terance A. Kinninger, chief financial officer,
dropped 15,000 shares on Oct. 29 at $14.94 per share. On Oct. 28 Pierre
Berkloff, an officer and director, let go of 5,000 shares at $12.63 per
share, while Fred Brown, vice president, sold 12,000 shares between Oct.
28 and Oct. 31 for prices ranging from $14.75 to $15.00 per share.
Beating analysts' expectations by three cents per share,
MetaCreations reported third-quarter earnings of 15 cents per share,
compared with net income of 12 cents last year.
The company was formed on May 29 as a result of the merger and
pooling of MetaTools Inc. and Fractal Design Corp., and the earlier
acquisitions of Specular International and Real Time Geometry.
At its current quote, MetaCreations shares are selling below
the mid-point of its approximately 25-week range of $6.50 to $19.50 per
share.
MetaCreations designs, develops, publishes, markets and
supports software tools and enabling technologies for creating, editing
and manipulating computer graphics images, digital art and Web/online
content on the desktop.
|
