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Equity One chairman buys 274,500 shares of stock



By AP
09 July 2008 @ 02:44 pm EST

NEW YORK - The chairman of shopping center developer Equity One Inc. bought 274,500 shares of common stock under a prearranged trading plan, according to a filing with the Securities and Exchange Commission Tuesday.

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EQY 19.69 -0.06

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In a Form 4 filed with the SEC, Chaim Katzman reported he bought the shares on Thursday for $19.71 to $19.97 apiece. Katzman owns the shares indirectly through Gazit.

The shares were purchased under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.

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.

Equity One is based in North Miami Beach, Fla.

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 This material may not be published, broadcast, rewritten or redistributed.

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