Institutional shareholders completed Rule 144 sales of 1,439,750 shares of Hydril common stock.

November 2004 - Kerlin acted as the financial advisor to the Seaver Institute, certain Seaver family trusts and other entitites, who sold approximately $55 million of Hydril shares through a series of structured transactions that followed the conditions under Rule 144. The sales were completed through block trades and agency transactions.


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