Antioco sells Blue shares.(VIDBITS)(Brief Article)

Video Business, May, 2005 by Sweeting, Paul

In a series of transactions beginning May 17, one week after Blockbuster shareholders elected a dissident slate of directors led by financier Carl Icahn, chairman-CEO John Antioco has been cashing out a portion of his 1.29 million shares of Big Blue stock. As of May 25, he had sold roughly 175,000 shares in more than 20 transactions.

That netted approximately $1.6 million, according to disclosure documents filed with the SEC. The company declined comment on Antioco's private stock sales. Shares of Blockbuster traded slightly down in the days following disclosure of the sales.