Monthly Archives for: November 2013

Lighten up! Plan Your Open Window
19 Nov

Lighten up! Plan Your Open Window

As an insider, lighten up! Even shareholders don’t expect your holding period to run forever. You just need to be sure your plan for selling company stock meets with current SEC standards and aligns with shareholder interests. Planned trading programs, also known as rule 10b5-1 trading plans, can be put in place to facilitate systematic sales. Greater scrutiny of 10b5-1 plans has intensified after some corporate insiders were accused of abusing these plans to reap unfair profits from inside knowledge of their companies. Some of the abuses consisted of trading too soon after the plan was filed, filing and trading under multiple 10b5-1 plans at the same time, and making frequent changes to plans on file.

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