Former Knight Ridder chairman and CEO Tony Ridder sold another 30,000 shares of McClatchy stock late last November, and now has unloaded nearly 90 percent of the company’s stock he received from the 2006 sale of K R.
Ridder, who serves on the McClatchy Board of Directors, realized proceeds of $409,834 for the Nov. 23 and Nov. 30 stock sales, which ranged in price from $13.35 to $13.91 per share.
In February 2007, Ridder sold 75,576 shares of McClatchy at around $38 a share, pocketing almost $2.9 million.
Ridder now owns only 14,276 shares of McClatchy, or about 12 percent of the 118,652 shares he obtained upon the close of the K R sale on June 27, 2006.
McClatchy stock closed Wednesday at $12, down nearly 85 percent from its all-time high of $76.05 on March 22, 2005.
Click on the headline for Ridder's MNI stock transactions.
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