Harbinger sells more shares of GeoEye

By Lisa Kerner

Charlotte, N.C., Nov. 13 - GeoEye, Inc. investors led by Harbinger Capital Partners Master Fund I, Ltd. sold 413,569 shares of the company's stock, reducing their stake in the company to 10.4% from 12.6%.

The shares were sold between Nov. 6 and Nov. 12 and priced from $31.08 to $32.95 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 1,926,397 shares of the Birmingham, Ala.-based company.

On Oct. 31, Harbinger reported owning 2,339,966 shares of GeoEye after selling 344,862 shares of the company's stock.

On Oct. 19, Harbinger reported a 14.5% stake in GeoEye, down from 16.2%. It was previously reported that the investors held 5,658,951 shares, or 30.5%, of the company's stock on Sept. 24.

GeoEye sells remote-sensing technologies and satellite imagery.

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