Key Technology shareholder sells off more than $4 million of company shares

By Lisa Kerner

Charlotte, N.C., July 31 - Key Technology Inc. shareholder Richard L. Scott sold 160,813 shares of the company's stock for a total of $4,017,515.77 between May 30 and July 27. The shares were priced from $20.26 to $28.25 each.

The reporting person beneficially owns 352,187 shares, or 6.48%, of the company's outstanding shares, according to a schedule 13D filing with the Securities and Exchange Commission.

Key, based in Walla Walla, Wash., designs and manufactures process automation systems.

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