Trust Reports Sale Of Star Scientific Stock

ST. LOUIS--(BUSINESS WIRE)--Dec. 13, 2004--As a major shareholder in Star Scientific, Inc. (NASDAQ: STSI), the Irrevocable Trust #1 FBO Francis E. O’Donnell, Jr. today filed a Form Four (4) disclosing its sale of 900,000 shares of the Company under rule 144. The Trustee and the beneficiary are not, and never have been officers, directors, or consultants to the Company. The requirement for disclosure and sale under rule 144 is pursuant to affiliate status because the Trust owns greater than 10% of the Common shares outstanding. The Trust or its beneficiary have owned these shares for approximately fifteen (15) years.

MORE ON THIS TOPIC