Maui Land & Pineapple Co. has filed a registration statement for $15 million of shares it sold last year in a private placement to Ohana Holdings LLC and ZG Ventures LLC. The company was obligated to register the 517,242 shares under the terms of the sale, allowing them to be sold in public markets if the owners choose to divest.

Maui Land & Pineapple said it did not believe Ohana, a firm controlled by eBay Inc. founder Pierre Omidyar, and ZG, which is managed by former America Online executive Miles Gilburne, have plans to sell their holdings since they have said they are long-term investors in the company. Gilburne also sits on the Kahului company's board of directors.