Fertitta family members sell $8.55 million in stock

Monday, May 21, 2001 | 11:01 a.m.

Four members of the Fertitta family, all top officials with Station Casinos Inc., sold $8.55 million in Station stock earlier this month.

Chief Executive Frank Fertitta III and President Lorenzo Fertitta each sold 192,416 shares of stock in seven separate open market transactions from May 3 to May 14 at prices ranging from $14.50 to $15.02 per share. The Fertittas grossed just under $2.85 million each.

Blake Sartini, chief operating officer, and wife Delise Sartini, a Station director, also sold 192,416 shares from their joint stake in the company, grossing $2.85 million. Delise Sartini is the sister of Frank and Lorenzo Fertitta.

The sales represented 1.9 percent of Frank Fertitta's stake in the company, leaving him with 10.1 million shares, or 17.5 percent of Station's total stock. Lorenzo Fertitta's sales represented 2.9 percent of his stake, leaving him with 6.4 million shares, or 11.1 percent of Station.

The Sartinis' sales represented 3.2 percent of their stake, leaving the two with joint holdings of 5.8 million shares. The two did not make sales from their individual holdings; Blake Sartini owns 1.4 million shares individually, while Delise Sartini owns 123,000 shares.

The stock sales were disclosed in a Securities and Exchange Commission filing Thursday.