Lucas files for permission to sell $2 Billion in Disney shares

MUMBAI: According to a regulatory filing on the United States Securities And Exchange Commission the creator of the iconic series Star Wars George Lucas may be looking at selling the stock he received when selling Lucasfilm to Disney. A spokesperson on his behalf though countered the statement saying, "(he) does not currently have any plans" to sell.
The regulatory filing signals his right to sell more than 37 million shares, amounting to all the stock he received when he sold Lucasfilm to Disney for $ four billion last year.
Disney filed the Form S-3 Registration Statement on Wednesday, and a spokeswoman characterized it as a required formalization of Disney‘s acquisition of Lucasfilm. According to the filing, The George W. Lucas, Jr. Fourth Amended and Restated Living Trust could sell 37,076,679 million shares of Disney -- amounting to about 2.1 percent of the company -- "from time to time" until the trust no longer holds any of the stock.
According to the filing the sale of stock could occur via "ordinary brokerage transactions or through any other means described in this prospectus."

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