Groupon Chairman Lefkofsky Transfers 18.7 Million Groupon Shares

Groupon Inc. (GRPN) Chairman Eric Lefkofsky transfered 18.7 million of the company’s shares to early investors, consultants and advisers, according to regulatory filings and a spokesman for the executive.

Most of the shares were transfered from a company called 600 West Groupon LLC, which is managed by a company co-owned by Lefkofsky and his wife, according to a filing with the U.S. Securities and Exchange Commission.

“Most of that stock is now being distributed to its beneficiaries and Eric is distributing the stock he personally owns in that LLC to his family’s charitable foundation,” said Charles Sipkins, a spokesman for Lefkofsky.

To contact the reporter on this story: Douglas MacMillan in San Francisco at

To contact the editor responsible for this story: Tom Giles at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.