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 |
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F1 | Shares withheld to cover tax liability in connection with the vesting of restricted stock units previously reported. These shares were not issued to or sold by the reporting person. |
F2 | Includes common stock owned and unvested restricted stock units. Applicable to all amounts in column 5. |
F3 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. This transaction involves sale transactions from $11.04 to $11.82 per share. The weighted average price per share was $11.44. The Reporting Person undertakes to provide, upon request, by the SEC staff, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price. |
F4 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. This transaction involves sale transactions from $10.96 to $11.25 per share. The weighted average price per share was $11.14. The Reporting Person undertakes to provide, upon request, by the SEC staff, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price. |