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True Religion Apparel director sells shares



By AP
27 May 2008 @ 03:53 pm EST

NEW YORK - A director of True Religion Apparel Inc., which makes jeans and apparel, sold 5,000 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, G. Louis Graziadio III reported he sold the shares on Wednesday for to $23.43 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.

True Religion is based in Vernon, Calif.

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 This material may not be published, broadcast, rewritten or redistributed.

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