Fossil chairman Kartsotis reports share sales, 8.5% ownership interest

By Lisa Kerner

Charlotte, N.C., Sept. 3 - Fossil Inc. chairman Tom Kartsotis sold 1,458,956 shares of the company's stock in the open market between May 11 and Sept. 2 priced from $20.00 to $25.66 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.

Kartsotis beneficially owns 5,640,813 shares, or 8.5%, of the Richardson, Texas, watches and fashion accessories company.

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