Getting your player ready...
Venoco Inc., a Denver-based oil-and- gas producer, announced Wednesday that Tim Mar quez, founder, chairman and chief executive, has adopted a prearranged trading plan in accordance with guidelines under the Securities and Exchange Act of 1934 and company policies.
Under the plan, Marquez intends to diversify about 3 percent of his substantial holdings in Venoco stock. Currently, Marquez and his wife control more than 60 percent of Venoco’s outstanding stock.
