Digitas Chief Dumps 1.5 Million Shares

  • February 1, 2005
Digitas Inc. Tuesday disclosed that Chairman-CEO David Kenny sold 1.5 million shares of Digitas stock, which he acquired through stock options. The exercised shares represented about 18 percent of the 8,362,897 vested and unvested stock options that Kenny held prior to the sale. Digitas did not disclose Kenny's proceeds on the sale, but Digitas stock closed the day of trading at $10 a share--down 4.2 percent for the day.
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