The chief operating officer of BPZ Energy Inc., an oil and gas exploration and production company, sold 36,000 shares of common stock, according to a Securities and Exchange Commission filing Friday.
In a Form 4 filed with the SEC, Frederic Briens reported he sold the shares Thursday for $6.27 to $6.19 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
BPZ Energy is based in Houston.
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