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Fri 20 Dec 2013 08:31

World Fuel Services CFO sells 6,000 shares


The combined value of stock sold by CFO Ira Birns this month is almost $500,000.

Ira Birns [pictured], executive vice president and chief financial officer (CFO) of World Fuel Services Corporation, has this week sold 6,000 company shares, a filing with the U.S. Securities and Exchange Commission (SEC) shows.

On December 17, Birns disposed of 945 shares at a weighted average sale price of US$ 42.50. The following day, on December 18, 5055 shares were also sold at a weighted average sale price of US$ 42.50. As a result, the total value of the company stock sold this week is US$ 255,000.

Earlier this month, on December 3, Birns disposed of 6,000 shares at a weighted average price of US$ 39.75.

In total, 12,000 shares have been sold by Birns this month at a combined value of US$493,500.

The World Fuel Services CFO now owns 97,594 shares, which at current market levels values his holdings at over US$ 4 million.

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