AeroVironment Announces Establishment of 10b5-1 Trading Plan by Chairman
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 the Rule 10b5-1 Plan, the Trust may sell up to 600,000 shares over
a period of approximately twelve months. If the Trust completes all the
planned sales under the Rule 10b5-1 Plan, Mr. Conver would beneficially
own approximately 1,406,282 shares of AeroVironment common stock
(including all options currently exercisable by Mr. Conver), or
approximately 5.9 percent of the company's current outstanding shares.
The transactions under this plan will commence no earlier than
About
Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking
statements" as that term is defined in the Private Securities Litigation
Reform Act of 1995. These statements are made on the basis of current
expectations, forecasts and assumptions that involve risks and
uncertainties, including, but not limited to, economic, competitive,
governmental and technological factors outside of our control, that may
cause our business, strategy or actual results to differ materially from
those expressed or implied. Factors that could cause actual results to
differ materially from the forward-looking statements include, but are
not limited to, our ability to perform under existing contracts and
obtain additional contracts; changes in the regulatory environment; the
activities of competitors; failure of the markets in which we operate to
grow; failure to expand into new markets; failure to develop new
products or integrate new technology with current products; and general
economic and business conditions in
For additional media and information, please follow us at:
Twitter:
http://www.twitter.com/aerovironment
LinkedIn:
https://www.linkedin.com/company/aerovironment
Instagram:https://www.instagram.com/aerovironmentinc/
View source version on businesswire.com: https://www.businesswire.com/news/home/20181214005535/en/
Source:
AeroVironment, Inc.
Steven Gitlin
+1 (626) 357-9983
ir@avinc.com