Avenue Capital Management II GenPar, LLC, 10% Owner at Spectrum Brands Holdings, Inc. (SPB), sold 5,000,000 shares at $29.50 ($147.5M) on 2011-02-16, disclosed to the SEC on 2011-02-17.
Open-market sale of $147.5M SPB by 10% Owner. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $29.50 | 222,474 | $6.6M | 4.4% |
| 2 | $29.50 | 1,516,352 | $44.7M | 30.3% |
| 3 | $29.50 | 3,261,174 | $96.2M | 65.2% |
| Total | $29.50 avg | 5,000,000 | $147.5M | 100% |
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