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Franklin Resources Exec. VP Simpson sells shares

By Associated Press

June 17, 2008

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An executive vice president of asset-management company Franklin Resources Inc. sold 1,269 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed Monday with the SEC, Murray Simpson reported he sold the shares Friday for $104.30 apiece.

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.

Franklin Resources is based in San Mateo, Calif.

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