Toreador Resources investor sells 65,300 shares

By Lisa Kerner

Charlotte, N.C., Feb. 3 - A group of Toreador Resources Corp. investors led by Palo Alto Investors, LLC sold 65,300 shares of the company's stock between Dec. 1 and Dec. 26.

The shares were priced from $4.50 to $5.45 each, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

According to the filing, Palo Alto employees have expressed the investor's views about strategies for maximizing shareholder value in meetings with Toreador's management and publicly at the most recent shareholders meeting, and the investor plans to continue to express such views from time to time.

Palo Alto beneficially owns 1,906,800 shares, or 9.5%, of the Dallas-based oil and gas company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.