Yalcin Ayasli, Ayasli Children LLC Sell $149K of Hittite Microwave Stock - CBL

By Citybizlist Staff

CHELMSFORD -- Ayasli Children LLC, which owns more than a 10 percent stake in Hittite Microwave Corp. (Nasdaq: HITT), sold shares worth $106,689, according to a Form 4 filing with the U.S. Securities and Exchange Commission.

Ayasli Children is controlled by Yalcin Ayasli, chairman emeritus of Hittite. He sold personal stock worth $42,081, according to a separate Form 4 filing.

Chelmsford-based Hittite designs and develops integrated circuits, modules, subsystems and instrumentation for radio-frequency, microwave and millimeter wave applications.

Ayasli Children sold a total of 2,815 shares at an average of $37.90 apiece. After the transaction, the limited-liability company still held 2.7 million shares in Hittite. Trading closed at $36.80 on Friday, bringing Ayasli Children's total value to $99.36 million.

Yalcin Ayasli, who holds more than a 10 percent stake in Hittite, sold a total of 1,079 shares at an average of $39 apiece Oct. 28. After the transaction, he held 6.7 million shares, of which 4 million are directly owned, bringing his total value to $147.2 million.

Form 4 filing by Ayasli Children LLC: http://tinyurl.com/yl24e4m

Form 4 filing by Ayasli Yalcin: http://tinyurl.com/ydwzcdb

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