Hill International Director Arnaud Ajdler Sells 15,000 Shares Under Prearranged Plan

NEW YORK (AP) -- A director of construction consulting firm Hill International Inc. sold 15,000 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, Arnaud Ajdler reported selling the shares for $13 to $13.50 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan, which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Hill International is based in Marlton, N.J.