Salary.com investor sells 422,897 shares, reduces ownership to 4.3%

By Lisa Kerner

Charlotte, N.C., Sept. 9 - Salary.com, Inc. investor J. Carlo Cannell sold 422,897 shares of the company's stock between July 6 and Sept. 3 priced from $2.80 to $3.15, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.

Cannel bought 60,000 shares on July 9 for $3.01 each, the filing said.

The investor beneficially owns 695,300 shares, or 4.3%, of the Needham, Mass.-based company's outstanding stock.

Salary.com provides on-demand compensation, payroll, and other human resource management solutions.

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