S1 investor Ramius continues to sell shares, reduces ownership to 6.9%

By Lisa Kerner

Charlotte, N.C., Jan. 7 - A group of S1 Corp. shareholders led by Ramius LLC sold 737,904 shares of the company's stock between Dec. 23 and Jan. 5 at prices from $7.0703 to $7.9565 each.

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

Ramius sold 688,275 shares of the company's stock between Dec. 15 and Dec. 22 at prices from $6.7917 to $7.5293 each, a prior SEC filing said.

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, it was previously reported.

The investors beneficially own 3,688,574 shares, or 6.9%, of the Norcross, Ga.-based company.

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

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