Mark S. Siegel, Chairman of the Board at PATTERSON UTI ENERGY INC (PTEN), sold 323,083 shares at $32.54 ($10.5M) on 2014-04-29, disclosed to the SEC on 2014-04-29.
Scheduled sale ($10.5M) by Chairman of the Board under a pre-arranged 10b5-1 plan. Pre-set trade — not a discretionary signal on the stock.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $32.22 | 96,705 | $3.1M | 29.7% |
| 2 | $32.22 | 1,378 | $44K | 0.4% |
| 3 | $32.54 | 225,000 | $7.3M | 69.9% |
| Total | $32.44 avg | 323,083 | $10.5M | 100% |
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