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Article: Priceline.com Chairman Richard S. Braddock To Sell Up To 2 Million Priceline.com Shares Over Next 12 Months.
- Article from:
- Business Wire
- Article date:
- August 21, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business/High Tech Editors
NORWALK, Conn.--(BUSINESS WIRE)--Aug. 21, 2001
Priceline.com (Nasdaq:PCLN) Chairman and CEO Richard S. Braddock today announced the establishment of a personal stock sale plan, in accordance with SEC Rule 10b5-1, under which he will sell up to a maximum 2 million shares of priceline.com stock in a regular and orderly manner over the course of the next 12 months.
The shares represent approximately 11 percent of Braddock's total priceline.com holdings and less than 1 percent of priceline.com's total outstanding shares. Braddock is an unsalaried priceline.com employee.
Braddock said, "This program allows me to ...