Published in Managed Care Law Weekly, August 26th, 2007
Rule 10b5-1 permits officers and directors of public companies to adopt pre-determined plans for selling specified amounts of stock. The plans may be entered into only when the officer or director is not in possession of material, nonpublic information and may be used to gradually diversify investment portfolios over a period of time.
Under Williams' Rule 10b5-1 plan, he...
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