Actuant Executives Adopt 10b5-1 Plans

Actuant Corporation ATU today announced that certain of its executives have adopted prearranged trading plans in accordance with guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934 and the Company's policies with respect to insider sales. Rule 10b5-1 allows officers and directors of public companies, at a time when they are not aware of material nonpublic information, to adopt predetermined plans for selling shares of company stock. Pursuant to the 10b5-1 plans, the executives (Goldstein, Lampereur, Blackmore and Boel) will be exercising stock options and immediately selling the shares of Actuant stock because the underlying options are approaching their 10 year term. The transactions may take place from time-to-time on or after March 22, 2011, subject to certain 10b5-1 plan criteria, including certain minimum price levels and daily volume activity.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsInsider TradesIndustrial MachineryIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!