Printer Friendly
The Free Library
19,573,962 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

AMIS Holdings, Inc. Executives Adopt 10b5-1 Plans.


Business Editors/High-Tech Writers

POCATELLO, Idaho--(BUSINESS WIRE)--April 2, 2004

AMIS A·mis   , Kingsley 1922-1995.

British writer best known for his novels, including Lucky Jim (1954) and Jake's Thing (1978).
 Holdings, Inc. ("AMIS" or "Company") (Nasdaq:AMIS), parent company of AMI Semiconductor AMI Semiconductor is a company engaged the design and manufacture of customer specific integrated circuit solutions, including solutions for the automotive, medical and industrial markets. Among its products are products that integrate processing of analog and digital signals. , a leader in the design and manufacture of integrated mixed-signal solutions, today announced that Christine King Christine Elizabeth King is a British historian and university administrator. She is currently Vice-Chancellor and Chief Executive of Staffordshire University.[1] , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ; Walter Mattheus, chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
; and Jon Stoner ston·er  
n.
1. One that stones.

2. Slang
a. One who is habitually intoxicated by alcohol or drugs.

b. One who is a delinquent or failure.
, chief technology officer; have adopted pre-arranged stock trading plans in accordance with Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended. The plans allow for the sale of 320,000 shares of AMIS common stock by Ms. King; and 24,900 and 36,500 shares by Mr. Mattheus and Mr. Stoner, respectively, in a systematic manner.

Ms. King adopted the plan in order to diversify her assets for personal financial and estate planning Estate Planning

The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death.

Notes:
Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the
 purposes. In accordance with the trading plan, the sales will occur from time to time, and will be under the direction of Merrill Lynch, Pierce, Fenner & Smith, Inc. The shares to be sold under the plan represent 19.63 percent of the total unexercised options awarded to Ms. King since the beginning of her employment with the Company. Ms. King's plan commences on May 1, 2004 and terminates on the earlier of December 31, 2004 or when all of the shares subject to the plan are sold.

Mr. Mattheus and Mr. Stoner also adopted their plans in order to diversify their respective assets for personal financial and estate planning purposes. In accordance with their trading plans, the sales will occur from time to time, and will be under the direction of Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse.  LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
. The shares to be sold under the plans represent 24.9 percent of total unexercised options awarded to Mr. Mattheus, and 24.89 percent of the total shares held and unexercised options awarded to Mr. Stoner. Mr. Mattheus' plan terminates on December 31, 2004 and Mr. Stoner's plan terminates on March 31, 2005.

SEC Rule 10b5-1 allows corporate executives to establish pre-arranged plans to sell a specified number of shares of company stock in accordance with a plan schedule. These plans permit executives to change their investment portfolio gradually. This minimizes the market effects of stock sales by spreading sales out over a more extended period of time rather than carrying out sales during limited trading windows following quarterly earnings announcements. It also avoids concerns about initiating stock transactions while the executive may be aware of material nonpublic information Nonpublic information

Information about a company that is not known by the general public, which will have a definite impact on the stock price when released. See: Insider trading.
. Once a plan is established, the executive does not retain or exercise any discretion over sales of stock under the plan and the pre-planned trades can be executed at later dates as set forth in the plan, without regard to any subsequent material nonpublic information that the executive might receive.

About AMI Semiconductor

AMI Semiconductor (AMIS) is a leader in the design and manufacture of silicon solutions for the real world. As a widely recognized innovator in state-of-the-art integrated mixed-signal products, mixed-signal foundry services and structured digital products AMIS is committed to providing customers with the optimal value, quickest time-to-market semiconductor solutions. Offering unparalleled manufacturing flexibility and dedication to customer service, AMI Semiconductor operates globally with headquarters in Pocatello, Idaho, European corporate offices in Oudenaarde, Belgium, and a network of sales and design centers located in the key markets of the United States, Europe and the Asia Pacific region. For more information, please visit the AMIS Web site at www.amis.com.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 2, 2004
Words:564
Previous Article:Actix and Hexagon Join the DTI CLARIFY -TM- Teaming Program.
Next Article:Tesoro Elects New Director.



Related Articles
Aetna Chairman And CEO Adopts 10b5-1 Plan.
AirTran Holdings Chairman and CEO Adopts Rule 10B5-1 Trading Plan.
Gilead Sciences' Board Member Establishes Rule 10b5-1 Stock Trading Plan.
Actuant's CEO Announces 10b5-1 Plan.
Nippon Mining Holdings, Inc. Adopts 10b5-1 Plan for Shares of AMIS Holdings, Inc.
Aetna Chairman And CEO Adopts New 10b5-1 Plan.
Jo-Ann Stores Announces Securities Trading Plan under Rule 10b5-1.
AMIS Holdings, Inc. Executive Adopts 10b5-1 Plan.
AMIS Holdings, Inc. Executives Adopt 10b5-1 Plans.
Laidlaw International Executives Adopt 10b5-1 Trading Plans.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles