Amerin insider sale.CHICAGO--(BUSINESS WIRE)--May 28, 1996--Amerin Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMRN) announced today that Stuart M. Brafman, the company's president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , has notified the Securities & Exchange Commission (SEC), under rule 144, of his intention to sell approximately 250,000 shares of common stock, or roughly one-third of his total holdings in that company. Brafman, 60, said "estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the " was the reason for the sale. Founded in 1992, Chicago-based Amerin Corp. pioneered wholesale mortgage insurance with two products: discount borrower-paid mortgage insurance and lender-paid mortgage insurance. The company went public in November, 1995. Amerin serves some of the nation's largest mortgage lenders, including Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Chase Manhattan Mortgage Corporation, Countrywide Home Loans, Fleet Mortgage Group and Norwest Mortgage Inc. CONTACT: Bill Campbell for Amerin Corporation 212/303-7606 |
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