Archive for the ‘BVI Company Insider Trades’ Category

BVI-based UTi Worldwide CFO Sells Shares

Saturday, July 28th, 2007

In accordance with a filing at Securities and Exchange Commission, the Chief Financial Officer of UTi Worldwide Inc. Lawrence R. Samuels, decided to sell 4,000 shares of common stock. UTi Worldwide is a British Virgin Islands-based freight logistics provider.

On July 6, Lawrence R. Samuels filed a Form 4 with the SEC, in which he reported that he sold the shares on July 3 for $27.07 apiece.

It should be noted that Form 4s are to be filed with the SEC by insiders in order to report transactions in their companies’ shares. As to open market purchases and sales, they are to be reported within 2 business days of the transaction.