AmeriCredit Corp. Updates Insider Selling Information
AmeriCredit Corp. announced Aug. 22 that Clifton H. Morris, Jr., executive chairman of the board, and Michael R. Barrington, chief executive officer, in the week that ended Aug. 17, 2001, completed the sale of shares of the company's common stock acquired by them through the exercise of a portion of options held by each of them that were acquired under the company's option programs.
The shares were routine sales made following the release of fiscal year end earnings and the opening of the company's stock trading window as part of an ongoing program to diversify their holdings, according to AmeriCredit.
Morris sold a total of 314,200 shares on Aug. 14 at an average selling price of $62.68, and continues to hold a total of approximately 900,000 shares directly and 1,700,000 options.
Barrington sold a total of 135,000 shares on Aug. 15 at an average selling price of $61.27, and continues to hold a total of approximately 100,000 shares directly and 1,200,000 options.
About AmeriCredit
AmeriCredit is the largest independent middle market automobile finance company in North America specializing in purchasing and servicing automobile loans.
AmeriCredit maintains a Web site at www.americredit.com that contains further information on the company.
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