RLJ Entertainment Inc. (RLJE) announced that Robert Johnson, the company's Chairman, has adopted a Rule 10b5-1 plan under which he can purchase up to $2 million worth of RLJ Entertainment's common stock.
Under the plan, Johnson may purchase up to $2 million of the company's outstanding shares from time to time over the next 24 months.
As of June 19, 2013 Johnson beneficially owns 6.97 million shares of the company's common stock which constitutes about 40.56% of the shares of the company's common stock outstanding.
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