John Sherman, a Director and Large Shareholder at Crestwood Midstream Partners LP (NYSE:CMLP), unloaded a bulk of 104,506 shares of Common Units, directly, for $22.02 per share. The transaction completed on Friday is one of many stock sales executed by the Director this month. In fact, on Thursday, Sherman sold 8,460 shares for $22 per share, while he unloaded 19,034 shares for the same price the previous day. Other large sales this month include 58,000 shares sold two weeks ago, for $22.12 per share. Concluding the sale, the shareholder now owns a total of 197,408 shares of Common Stock.
However, not all insider trading at Crestwood Midstream Partners has been stock dispositions. In May of this year, for example, David Lumpkins, Director at the $4.13 billion market cap partnership, sold 20,000 shares of company stock. The operation, which was executed over two dates, where Lumpkins sold 10,000 shares for $21.89 per share, was nonetheless the first acquisition of this fiscal year.
Disclosure: none
