Parallel Petroleum Chief Financial Officer Steven D. Foster Sells 10,863 Shares
The chief financial officer of oil and natural gas producer Parallel Petroleum Corp. sold 10,863 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Tuesday, Steven D. Foster reported he sold the shares Friday for $17.65.
Insiders file Form 4s with the SEC to report transactions in their companies’ shares. Open market purchases and sales must be reported within two business days of the transaction.
Parallel Petroleum is based in Midland, Texas.
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