Major owner of Verenium Corporation just sold 259,945 shares


Austin W Marxe, a major owner of Verenium Corporation, recently sold 259,945 shares of the company. The sales took place at $4.00 per share, on October 31, 2013. Marxe no longer owns any shares of the company. Marxe operates out of New York, NY. Some additional info was provided as follows:

This is a weighted average price. Pursuant to the terms of the Agreement and Plan of Merger, dated as of September 19, 2013, each share of the Issuer's common stock was tendered for $4.00 per share in cash. This is a joint filing by Austin W. Marxe (Marxe) and David M. Greenhouse (Greenhouse). They share voting and investment control over all securities owned by Special Situations Fund III QP, LP (QP) and Special Situations Cayman Fund, L.P. (Cayman). 0 shares of Common Stock ar e held by QP and 0 shares of Common Stock are held by Cayman. The interest of Marxe and Greenhouse in the shares of Common Stock owned by QP and Cayman is limited to the extent of his pecuniary interest.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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