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Revlon director just disposed of 138,598 shares

Lorenzo Delpani, a director of Revlon, recently disposed of 138,598 shares of the company. The disposals took place at prices ranging from $24.35 to $36.83 per share, on April 22, 2016. Delpani no longer owns any shares of the company. Delpani operates out of New York, NY. Some additional info was provided as follows:

Pursuant to the Transition and Separation Agreement and Release, as amended on 4/21/16, between Mr. Delpani and the Issuer, on 4/22/16 the Issuer repurchased the 72,895 reported shares from Mr. Delpani at the $36.83 NYSE closing price on 4/20/16. Pursuant to the Transition and Separation Agreement and Release, as amended on 4/21/16, between Mr. Delpani and the Issuer, on 4/22/16, the Issuer paid Mr. Delpani $1.6 million (or $24.35 per share) as consider ation for cancelling his remaining 65,703 unvested restricted shares that were otherwise scheduled to vest on 3/15/17.

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:

Revlon's EVP & CHIEF FINANCIAL OFFICER just declared 0 ownership of the company. - April 19, 2016
Revlon's PRESIDENT AND CEO just declared 0 ownership of the company. - April 19, 2016
Revlon Names Juan Figuereo As Its Chief Financial Officer - April 12, 2016