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Linn Energy's President and CEO just disposed of 298,319 shares

Mark E Ellis, Linn Energy's President and CEO and a director of the company, recently disposed of 298,319 shares of the company. The disposals took place at $0.00 per share, on April 20, 2016. Ellis still owns 951,214 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Ellis operates out of Houston, TX. Some additional info was provided as follows:

Reflects vested units transferred from Direct Ownership to Indirect Ownership. To fulfill an ongoing charitable obligation, Mr. Ellis made a contribution to a major university of a total of 298,319 units. Mr. Ellis intends to exchange his remaining 475,974 units for shares of LinnCo, LLC, pursuant to the Exchange Offer described in LinnCo's Registration St atement on Form S-4 (No. 333-210331), as amended and filed on April 18, 2016.

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

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Other recent filings from the company include the following:

Linn: Documents Incorporated By Reference EXPLANATORY NOTE - April 20, 2016
Prospectuses and communications, business combinations - April 18, 2016

Linn Energy Announces Payment Of Interest Due Under Certain Senior Notes; PROVIDES UPDATE ON STRATEGIC ALTERNATIVES PROCESS; ENTERS INTO AMENDMENTS TO CREDIT FACILITIES - April 15, 2016