UTi Worldwide Director acquires company’s stock
Friday, October 5th, 2007The director of UTi Worldwide Inc., freight logistics provider registered in the British Virgin Islands, has bought 15,000 shares of common stock. The information about this was provided last week by a Securities and Exchange Commission.
The director of BVI registered UTi Worldwide Allan M. Rosenzweig reported in a Form 4 filed with the SEC that he bought the shares for $22.49 to $22.50 a piece.
Form 4s is filed with the SEC by companies’ insiders to report transactions in their companies’ shares. Open market purchases and sales should be reported within two business days of the transaction.