Chief executive to sell 100,000 shares

Friday, Dec. 17, 1999 | 12:11 p.m.

David Thompson, chairman and chief executive of Mikohn Gaming Corp., has filed to sell 6.7 percent of his stake in the company.

A Wednesday Securities and Exchange Commission filing indicates Thompson will sell 100,000 shares of Mikohn stock valued at $518,800. The filing didn't indicate whether the shares were acquired through the exercise of stock options.

Mikohn's last proxy statement, filed in April, indicated Thompson owned 1.5 million shares of Mikohn stock, a 14.6 percent stake in the company. This included 184,000 options to purchase shares of Mikohn stock.

Mikohn traded above $5 for the past six weeks, but fell below that level Wednesday. It closed Wednesday at $4.69, down 31 cents; and fell again Thursday to $4.63.

Thompson could not be reached for comment.

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