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Western Refining, Inc. Message Board

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  • dalerobin777 dalerobin777 Jun 16, 2011 7:01 PM Flag

    Paul Foster must know something

    Sometimes these insiders and people really in the know are selling because they know of small outfits that are ready to soar.

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      The link has the entire eplanation of sales. The story was too long to post.

      Western Refining's Paul Foster sells $13M in shares
      By Vic Kolenc \ El Paso Times
      Posted: 04/21/2011 07:00:05 AM MDT

      Western Refining chairman and founder Paul Foster has sold almost $13 million worth of shares in the El Paso company this year as part of a personal financial plan he initiated in January to sell more than 3 million of his company shares.

      Foster could earn as much as $40 million from other sales of his shares this year if the company's stock remained at Wednesday's price of $18.49 a share.

      Six other Western officers and a board member in recent weeks also sold more than $4 million worth of shares. Most of those sales were for the officers to pay income taxes on shares they gained through their employment agreements.

      Even after the big stock sell-off, Foster remains Western's largest shareholder.

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