NEW YORK (AP) - A director of commercial bank Sovereign Bancorp Inc. bought
1,353,600 shares of common stock, according to a filing with the Securities and
Exchange Commission.
In a Form 4 filed with the SEC Thursday, Ralph V. Whitworth reported buying
the shares on Tuesday for an average price of $8.62 apiece.
Whitworth owns the shares indirectly through limited partnerships and
accounts he manages.
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.
Sovereign is based in Philadelphia.
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