Ronald Blaylock, a director, sold 9,000 shares at $64.61 per share for a total of a $581,490.
Robert Grafton, a director, exercised options for 9,091 shares at $14.86 per share and 7,610 shares at $14.49 per share for a total of approximately $245,000. He then sold those 16,701 shares at market price for $65.94 each for a total of $1.1 million.
James River Coal (JRCC)
The bankrupt local coal company sold its Bell and Bledsoe mining complexes in Appalachia and other assets to Revelation Energy for $2 million in cash plus the assumption of $3 million in collateral. Revelation had been the stalking horse bidder in a court-approved sales process. JRC has no remaining mining operations and remains in Chapter 11 bankruptcy.
The downtown firm said it plans to spinoff its specialty chemicals business from the rest of the company and create a new, separate publicly traded entity. The spinoff is expected to be completed by the end of 2015. MWV said remains open to other alternatives for its specialty chemicals operations as it continues with its spinoff strategy.