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Global Crossing EVP Sells Shares



By AP
24 March 2008 @ 01:57 pm EST

NEW YORK - An executive vice president of telecommunications company Global Crossing Ltd. sold 7,000 shares of common stock, according to a Securities and Exchange Commission filing Friday.

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In a Form 4 filed with the SEC, Daniel J. Wagner reported selling the shares on Wednesday for $15.72 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Global Crossing is based in Hamilton, Bermuda.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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