“Mad Money” host Jim Cramer sold 30,000 shares of Internet financial news web site TheStreet.com, which he helped found a decade ago, according to an Associated Press story.
The story stated, “In a Form 4 filed with the SEC, Cramer, host of CNBC’s ‘Mad Money,’ reported he sold the shares Thursday for $13.50 to $14.20 apiece.
“The stock sale was conducted 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 nonpublic 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.”
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