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American Vanguard director sells shares

By Associated Press
April 22, 2008 | Comments (0)

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A director of chemical maker American Vanguard Corp. sold 14,200 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Monday.

In a Form 4 filed with the SEC, Herbert A. Kraft reported he sold the shares Friday for $17.20 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan, which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.

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.

American Vanguard is based in Newport Beach, Calif.

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