Rule 10b5-1 Plans


Summary

Section 10(b) (15 USCS 78j) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Rule 10b-5 (17 CFR 10b-5) promulgated thereunder prohibit the purchase or sale of public company securities on the basis of “material nonpublic information.” “Material nonpublic information” refers to information that investors are substantially likely to consider important in making investment decisions, and that could produce a qualitative change to the package of information disclosed to the public by the issuer.