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| WAL > SEC Filings for WAL > Form 8-K on 5-Feb-2009 | All Recent SEC Filings |
5-Feb-2009
Other Events
From February 2 through February 3, 2009, Robert Sarver, Chairman, President, and Chief Executive Officer of Western Alliance Bancorporation (WAL), sold 143,500 shares of WAL. During the remainder of February 2009, Mr. Sarver intends to sell an additional 159,000 shares, bringing total expected sales to 302,500 shares. After these expected sales, he has no plans at this time to sell additional shares.
From WAL's initial public offering in June 2005 through June 2008, Mr. Sarver acquired 382,000 shares of WAL at prices ranging from $7.94 to $28.47 per share. Mr. Sarver is selling a portion of these shares to offset gains from an exchange fund to which he contributed several years ago. None of Mr. Sarver's WAL shares are in this or any other exchange fund.
After these sales are completed, Mr. Sarver or related parties, still will beneficially hold 2,542,641 shares of WAL common stock, options for 210,000 shares with exercise prices ranging from $12.00 to $34.80 per share, and warrants on 1,007,052 shares with an exercise price of $7.62 per share.
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