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L-1 Identity CEO Secure With Stock Buys
By Naureen S. Malik
Word Count: 699 | Companies Featured in This Article: L-1
Tables: Buyers | Sellers
L-1 IDENTITY SOLUTIONS FOUNDER, Chairman and Chief Executive Robert LaPenta has put his finger on more upside in the provider of biometric-security solutions despite a spate of mixed news.
Late last week LaPenta plunked down $3 million to purchase 200,000 shares on the open market at $15.02 to $15.04 a piece, according to the Securities and Exchange Commission.
He boosted his direct holdings to nearly 1.39 million shares, but he beneficially controls a total of 10.57 million shares, or a 14.6% stake, through a limited partnership. There were 72.2 million outstanding shares as of Nov. 8.
La Penta kauf ein
