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 reported sales were effected pursuant to a Rule 10b5-1 trading plan. |
| F2 | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.16 to $80.39, inclusive. The reporting person undertakes to provide to Nasdaq, any security holder of Nasdaq or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4. |
| F3 | Represents (i) 85,038 shares or units of restricted stock, of which 36,806 are vested, (ii) 41,294 shares of Common Stock underlying PSUs, all of which are vested, and (iii) 4,743 shares of Common Stock purchased under the Employee Stock Purchase Plan. |