Stephanie McMahon Sells Off WWE Stock, Elimination Chamber News, More

— The WWE Network in the UK will be airing Elimination Chamber this weekend.

— The Street published a new article on WWE and praised the company’s business model.

— WWE reportedly issued an SEC filing that stated the following:

“On May 27, 2015, the Stephanie McMahon Levesque Trust u/a Vincent K. McMahon Irrev. Trust dtd. 6/24/04 (the “Trust”) adopted a 10b5-1 stock trading plan. The plan provides for the sale of shares of Class B common stock (“Class B Shares”) of World Wrestling Entertainment, Inc. (the “Company”) held by the Trust. Stephanie McMahon, the Company’s Chief Brand Officer and a director of the Company, is the sole beneficiary and investment director of the Trust. Under the plan, beginning on August 10, 2015, a brokerage firm will be authorized to sell a certain number of Class B Shares periodically provided the price per share is above certain levels. The plan expires on December 31, 2015. The maximum number of Class B Shares that can be sold over the duration of the plan is 609,733 shares. In connection with the sales, the Class B Shares will be converted into shares of the Company’s Class A common stock.”

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