Leap Wireless investor Harbinger sells 1 million additional shares

By Lisa Kerner

Charlotte, N.C., Sept. 22 - Leap Wireless International, Inc. shareholders led by Harbinger Capital Partners Master Fund I, Ltd. cut their stake in the company to 4.5% from 5.7% with the sale of 1 million shares on Sept. 18.

Each share was priced at $20.18 or $20.35, according to a schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.

Between July 29 and Sept. 17, Harbinger sold 3,032,900 shares, a prior SEC filing said.

Harbinger and its affiliates beneficially own 3,451,100 shares of the San Diego-based provider of wireless services.

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