Jim Balsillie, the long-time co-CEO of BlackBerry Inc. (NASDAQ:BBRY), the Canadian smartphone developer, is no longer a shareholder of the company. When he was ousted as co-CEO in January 2012, he owned about 5.1 percent of the company.
But a filing with the Securities and Exchange Commission on Thursday showed that he’d completely cashed out by Dec. 31. It didn’t indicate when he sold his shares of the Waterloo, Ontario-based company, which was known until last month as Research in Motion.
His partner, former co-CEO and founder Mike Laziridis, who remains a BlackBerry director, in a separate filing acknowledged ownership of $29.9 million in shares, a 5.7 percent stake in the company.
BlackBerry is attempting a turnaround under CEO Thorsten Heins, a former Executive VP, who was promoted to succeed Balsillie and Laziridis.
Shares of BlackBerry lost 91 cents to close at $14.15 on Friday. Over the past year, the shares have lost about 8 percent of their value.
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They’ve gained more than 88 percent in the past six months on bets that with its new BlackBerry 10 units, now shipping, the company will regain profit and market share.