V Gordon Clemons, CorVel Corp.'s Chairman of the Board and a director of the company, recently disposed of 127,335 shares of the company. The disposals took place at $0.00 per share, on August 02, 2016. Clemons still owns 1,769,630 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Clemons operates out of Irvine, CA. Some additional info was provided as follows:
The membership interests in Clemons Management LLC were gifted by the reporting person and his spouse for no consideration to two irrevocable trusts established for the adult children of the reporting person and his spouse and those trusts now indirectly own the shares of CorVel stock that are owned by Clemons Management LLC. Neither the re
porting person nor his spouse are trustees of such trusts or managers of Clemons Management LLC, and neither has investment or voting control over the shares of CorVel stock held by Clemons Management LLC.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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