Greenberg sells shares, keeps 9.99% interest in AIG

By Lisa Kerner

Charlotte, N.C., Sept. 26 - Former American International Group, Inc. chief executive officer Maurice R. Greenberg and Starr International Co., Inc. sold a total of 40 million shares of AIG on Sept. 25.

The 5 million shares sold by Greenberg were priced at an average of $3.7689. The 35 million shares sold by Greenberg affiliate Starr were priced at an average of $3.0600.

According to a schedule 13D filed with the Securities and Exchange Commission, the investors beneficially own 268,492,975 shares, or 9.99%, of the New York financial and insurance services company.

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