Fedex chairman sold 100,000 shares
Frederick Smith, FedEx Corp. chairman, sold 100,000 shares of stock in the world’s biggest air-express firm, according to a Securities and Exchange Commission filing yesterday. Mr. Smith had previously indicated in a filing with the SEC that he may sell up to 200,000 shares for a total of about US$10.6-million. Mr. Smith sold the shares on Dec. 19 at prices ranging from US$53.59 to SUS$54 a share, the SEC filing showed. He directly held about 15.7 million shares and indirectly held another 4.1 million shares.
The company had more than 298 million common shares outstanding as of the end of September.
