The president and chief executive of financial services firm KKR Financial Holdings LLC bought 348,101 shares of stock, according to a Securities and Exchange Commission filing Wednesday.
In a Form 4 filed with the SEC, Saturnino Fanlo reported he bought the shares for $11.85 apiece on Tuesday.
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.
KKR Financial is based in San Francisco.