Hansen Executives Unload Options

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A pair of executives with Corona-based beverage manufacturer Hansen Natural Corp. sold almost 300,000 shares of common stock this past week, according to Securities and Exchange Commission filings Tuesday.


Mark Hall, president of Hansen’s Monster Beverage division, exercised options for 370,400 shares last Friday for 45 cents to $16.87 apiece and sold 270,400 of those shares for $44.65 each.


Kirk Blower, a vice president of the company’s Hansen Beverage Co. division, sold 20,000 shares Monday for between $45 and $45.25 apiece.


The sales come after Hansen filed its final delinquent earnings report last week to put itself back in compliance with Nasdaq Stock Market listing rules.


Nasdaq threatened the company with delisting after it delayed some results while it completed an internal probe of its stock option granting practices.


Hansen announced in March that it had found several “unintentional accounting errors” that caused non-cash compensation and employment tax expenses to be understated by about $1.3 million between Jan. 2001 and June 2006. However the company said that it found no “willful or intentional misconduct” by any company executives.


Shares of Hansen closed up 38 cents to $43.32 Wednesday.

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