Happy St. Patrick's Day! It's A $13.9 Million Pay Day For Gannett's McCorkindale

Posted Friday, March 17, 2006 12:00 am

By: E&P Staff Gannett Chairman Douglas H. McCorkindale is selling shares of the newspaper chain for $13.9 million, according to a U.S. Securities and Exchange (SEC) filing Friday.

The Form 144 Notice of Proposed Sale of Securities said McCorkindale is selling 230,000 shares for $13,931,100 through a Greenwich, Conn., broker on or after Mar. 17.

According to the form, McCorkindale also sold "restricted stock units" at the first day of each month so far this year, for a total of a little more than $300,000.

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Happy St. Patrick's Day! It's A $13.9 Million Pay Day For Gannett's McCorkindale

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