Amster reports purchase of Indymac shares

By Lisa Kerner

Charlotte, N.C., Jan. 30 - Indymac Bancorp, Inc. investor Howard Amster purchased 14,800 common shares of the company's stock for a total of $266,394.41.

The shares were acquired on Jan. 18 and Jan. 28 priced at $14.68 or $22.42 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Amster's total investment in Indymac is $1.03 million. The investor owns 70,205 shares, or 7.8% of the company's outstanding stock.

On Jan. 18, investors led by Amster purchased Indymac trust preferred securities with warrants exercisable for 66,287 shares of Indymac common stock.

It was previously reported that the securities were purchased between Nov. 21 and Jan. 17 for $15.63 to $22.02 each, and the 66,287 shares represent 7.4% of the 900,000 shares that underlie the outstanding trust preferred securities and warrants.

Indymac Bancorp is the holding company for IndyMac Bank. The company is located in Pasadena, Calif.

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