Green Equity sells shares, drops stake in Life Time Fitness to 3.8%

By Lisa Kerner

Charlotte, N.C., April 27 - Life Time Fitness Inc. shareholders led by Green Equity Investors V, LP sold 2,118,978 shares of the company's stock on April 23 and April 24, cutting their stake to 3.8%, according to a schedule 13D/A filed with the Securities and Exchange Commission on Monday.

Each share was priced at $17.16 or $17.45, the filing said.

In November, the investor said it was considering seeking representation on the company's board of directors.

Green Equity beneficially owns 1,513,430 shares of the company's outstanding stock.

Life Time Fitness operates multi-use sports and athletic, professional fitness, family recreation and resort and spa centers. The company is based in Chanhassen, Minn.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.