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Atlas America CEO sells shares



By AP
16 June 2008 @ 03:59 pm EST

NEW YORK - The chief executive, president and chairman of natural gas and oil company Atlas America Inc. sold 3,000 shares of common stock, according to a Securities and Exchange Commission filing Friday.

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ATLS 24.83 -4.54

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In a Form 4 filed with the SEC, Edward E. Cohen reported the shares were sold on Thursday for $45.80 to $45.95 apiece by the Arete Foundation, which is a charitable foundation for which Cohen, his spouse and children serve as co-trustees.

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.

Atlas America is based in Moon Township, Pa.

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 This material may not be published, broadcast, rewritten or redistributed.

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