Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The reporting person has held and is holding the Securities for the benefit of Davidson Kempner Hawthorne Partners LLC ("Hawthorne"). The reporting person disclaims any personal ownership interest therein and has agreed not transfer the Securities or otherwise take any action with respect to the Securities not at the direction of Hawthorne. Upon vesting, the reporting person has agreed to transfer the underlying Common Stock to Hawthorne, subject to compliance with applicable law. This amendment is being filed to reflect this arrangement and correct a typographical error in column 4 of Table I.New Footnote |