AeroVironment Announces Establishment of 10b5-1 Trading Plan by Chief Executive Officer
Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. Using these plans, insiders can diversify their investment portfolios, can spread stock trades out over an extended period of time to reduce market impact and can avoid concerns about whether they had material, non-public information when they sold their stock.
Under its Rule 10b5-1 Plan, the Trust may sell up to 320,000 shares over
a period of approximately nine months. If the Trust completes all the
planned sales under its Rule 10b5-1 Plan, Mr. Conver would beneficially
own approximately 2,573,660 shares of
ABOUT AEROVIRONMENT, INC.
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defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any statement
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control, that may cause our business, strategy or actual results to
differ materially from the forward-looking statements. Factors that
could cause actual results to differ materially from the forward-looking
statements include, but are not limited to, reliance on sales to the
U.S. government; changes in the timing and/or amount of government
spending; changes in the supply and/or demand and/or prices for our
products and services; the activities of competitors; failure of the
markets in which we operate to grow; failure to expand into new markets;
changes in significant operating expenses, including components and raw
materials; failure to develop new products; changes in the regulatory
environment; and general economic and business conditions in
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