AeroVironment (AVAV) CEO Enters Stock Trading Plan On Behalf of Family Trust
Down)
AeroVironment, Inc. (NASDAQ: AVAV) said CEO/Chairman Timothy E. Conver, as Trustee of The Conver Family Trust, has established a pre-arranged stock trading plan to sell a portion of company stock held by the Trust over a specific period of time.
Under its Rule 10b5-1 Plan, the Trust may sell up to 280,000 shares over a period of approximately nine months. If the Trust completes all the planned sales under its Rule 10b5-1 Plan, Mr. Conver would beneficially own approximately 4,189,141 shares of AeroVironment common stock (including all options currently exercisable by Mr. Conver), or approximately 19.35% of the company’s current outstanding shares. The transactions under this plan will commence no earlier than January 2010 and will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.
Under its Rule 10b5-1 Plan, the Trust may sell up to 280,000 shares over a period of approximately nine months. If the Trust completes all the planned sales under its Rule 10b5-1 Plan, Mr. Conver would beneficially own approximately 4,189,141 shares of AeroVironment common stock (including all options currently exercisable by Mr. Conver), or approximately 19.35% of the company’s current outstanding shares. The transactions under this plan will commence no earlier than January 2010 and will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.
You May Also Be Interested In
- Smart BPZ Resources (BPZ) Insider Loads 20K Shares
- Leap Wireless (LEAP) Grants Inducement Awards to New CFO Elliott
- Chesapeake Energy (CHK) Higher as Icahn to Disclose 'Significant' Stake
Create E-mail Alert Related Categories
Insider TradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
