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NEW YORK — Robert Allen, the former president and COO of Modem Media, plans to sell up to 300,000 out of the 863,178 shares of the company’s common stock he holds, according to a document filed Tuesday with the Securities and Exchange Commission.
According to the filing, such sales will be on the open market and subject to certain price limits. The program will continue for a period of a year unless sooner terminated.
Allen, a member of the i-shop’s board of directors, relinquished his senior management role a year ago and Modem Media CEO Marc Particelli absorbed most of his duties [IQ Daily Briefing, Nov.
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