White Electronic Designs chairman buys more shares for 20.9% stake

By Lisa Kerner

Charlotte, N.C., Dec. 16 - Desert Equity LP bought 424,223 shares of White Electronic Designs Corp. common stock between Nov. 30 and Dec. 15 as an investment and not for the purpose of acquiring control over the company, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.

Between Nov. 3 and Nov. 5, Desert Equity bought 232,508 shares for a 19% ownership interest in the company, a prior SEC filing said.

Brian R. Kahn - chairman of White Electronic's board of directors and sole member of Desert Equity's sole general partner, Desert Management LLC - beneficially owns 4,862,870 shares, or 20.9% of the company's outstanding shares.

Phoenix-based White Electronic manufactures microelectronic and display components and systems.

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