S1 investors led by Ramius sell shares, keep 12.2% ownership interest

By Lisa Kerner

Charlotte, N.C., Sept. 9 - S1 Corp. shareholders led by Ramius LLC entered into a sales plan agreement with Cantor Fitzgerald & Co. allowing for the sale of up to a total of 4,532,390 shares, according to a schedule 13D filed with the Securities and Exchange Commission.

Ramius sold 22,100 shares on Sept. 8 for $6.9288 per share.

The investors beneficially own 6,886,598 shares, or 12.2%, of the Norcross, Ga.-based company.

S1's software is used to automate the processing of financial transactions.

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