Leap Wireless investors sell 1.37 million shares

By Lisa Kerner

Charlotte, N.C., Feb. 27 - A group of Leap Wireless International, Inc. investors led by Owl Creek I, LP sold 1,369,400 shares of the company's stock between Jan. 1 and Feb. 25 at prices from $23.57 to $26.89 each, according to a schedule 13D/A filed with the Securities and Exchange Commission.

The investors beneficially own 5,237,879 shares, or 7.5%, of the San Diego-based wireless services provider, the filing said.

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