Mel Karmazin Sells 7.6 Million Sirius XM Shares
June 21, 2012 at 3:48 AM (PT)
An SEC Form 4 filing shows SIRIUS XM RADIO CEO MEL KARMAZIN sold 7.6 million shares of the company at an average price of $1.83 per share for $13.96 million last FRIDAY (6/15).
KARMAZIN pocketed $10.70 million.
He still owns 8.82 million shares of SIRIUS XM, worth $16.94 million, based on the stock closing YESTERDAY (6/20) at $1.92.
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