Title : NY POST ARTICLE ON STEPHANIE MCMAHON WWE STOCK SELL-OFF
Author : Bob Mulrenin
Date : 10/11/2013 (01:33:29 PM)
Thanks to Jeff Sheridan
STEPHANIE MCMAHON CASHED IN WWE STOCK FOR $8.3M
Stephanie McMahon has played a lot of roles at World Wrestling Entertainment, the sports entertainment giant controlled by her father, Vince McMahon.
The 37-year-old executive vice president, creative, has served as a wrestler’s valet, a wrestler and, as a teenager, a model in a WWE catalog.
But since May, the McMahon daughter, married to WWE star Paul “Triple H” Levesque, has been a featured player in yet another role: an inside seller of WWE shares.
Since the spring, the executive — referred to in SEC filings and her Twitter feed as Stephanie McMahon (rather than her married name), has sold 833,000 shares of WWE stock, according to regulatory filings.
The sales, carried out over 43 separate transactions, have netted McMahon about $8.3 million.
The sales were so aggressive, filings show, that McMahon had to convert nearly 1.3 million shares — or about one third of her stake — of McMahon family super-voting B shares into A shares to raise the cash.
As of March 4, McMahon owned 8.3 percent of the B shares outstanding.
Even after the sell-off, the McMahon family still firmly controls the Stamford, Conn., company as CEO Vince McMahon owns 87 percent of the 10-votes-per-share B class.
The younger McMahon’s sales came at share prices ranging from $9.05 to $10.89, filings show
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