Herman cuts stake in Pyramid Oil to 46.6%

By Jennifer Chiou

New York, July 23 - Pyramid Oil Co. investor Michael D. Herman reported a 46.6% stake in the company, according to a schedule 13-D/A filing with the Securities and Exchange Commission.

He sold shares of the company in numerous transactions between July 18 and July 22 at prices ranging from $14.70 to $17.70.

Herman, the chairman of the company's board, reported beneficial ownership of 2,180,808 shares of the Bakersfield, Calif.-based developer and producer of crude oil and natural gas.

© 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.