Spartan Stores' Director Sells Off Over Half His Shares in the Company


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Wed. March 12th, 2014 - by Jonathan Nivens

<p>Spartan Stores' (NASDAQ:SPTN) Director Craig C. Sturken has sold off more than half of his stock shares in the company, according to Ticker Report. Sold on the open market, Sturken unloaded 45,188 shares for an average price of $22.18, receiving a total value of $1,002,269.84. After the sale, he still owns 41,571 shares, valued at approximately $922,045.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The sale transaction was dated 3/10/2014, and was disclosed in SEC documentation.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.sec.gov/Archives/edgar/data/877422/000090572914000118/xslF345X01/sturken4_031114.xml" target="_new"> Click Here to View the SEC filing Related to the Stock Sale </a><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">On 3/10/2014, Spartan Stores' (SPTN) rating was lowered to a Hold at EVA Dimensions.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">On 3/11/2014, Spartan Stores (SPTN) was upgraded to Outperform at Zacks.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">At the time of this report, no public explanation has been given for Sturken's sell-off.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Spartan Stores, Inc. is a regional grocery distributor and retailer that operates 172 stores primarily in Michigan, Indiana, and Ohio.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="https://www.spartannash.com/" target="_new"> Spartan Stores </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">