Ramius sells 52,509 shares of S1

By Lisa Kerner

Charlotte, N.C., Sept. 12 - S1 Corp. shareholders led by Ramius LLC sold 52,509 shares of the company's stock between Sept. 9 and Sept. 11 at prices from $6.71 to $6.97 each.

The transactions were reported in a schedule 13D filed with the Securities and Exchange Commission.

On Sept. 9, the investors entered into a sales plan agreement with Cantor Fitzgerald & Co. allowing for the sale of up to 4,532,390 shares, a prior SEC filing said.

In addition, Ramius sold 22,100 shares on Sept. 8 for $6.9288 per share.

The investors beneficially own 6,816,093 shares, or 12%, of the Norcross, Ga.-based company.

S1's software is used to automate the processing of financial transactions.

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