Acxiom Company Leader Adopts 10b5-1 Trading Plan.Business Editors/High-Tech Writers LITTLE ROCK, Ark.--(BUSINESS WIRE)--April 14, 2004 Acxiom(R) Corporation (Nasdaq: ACXM) today announced that its Company Leader, Charles D. Morgan, has adopted a pre-arranged stock trading plan to sell a portion of his company stock over a 14-month period to retire personal debt. The stock trading plan was adopted in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. specified under Rule 10b5-1 of the Securities and Exchange Act of 1934. Under the plan, Mr. Morgan may sell up to 800,000 shares of company stock between April 2004 and June 2005, amounting to 18% of the combined 3.7 million shares and 667,000 stock options he currently holds. The plan calls for monthly sales spread over three days each month. Rule 10b5-1 permits the adoption of written, pre-arranged trading Pre-arranged Trading Trading that occurs between brokers through an expressed or implied agreement or understanding. Notes: Prearranged trading is illegal under the Commodity Exchange Act and CFTC regulations because it may create an unfair market for other brokers and plans by insiders at times when they do not have material, non-public information. 10b5-1 plans minimize the market effects of stock sales by spreading sales out over an extended period of time rather than selling larger blocks of stock during the limited trading windows following the release of financial information. In addition, the rule avoids concerns about initiating stock transactions while an insider may be aware of material non-public information. Once a plan is established, the insider retains no discretion over sales under the plan, and the pre-planned trades can be executed through a broker at later dates without regard to any subsequent material non-public information that the insider may receive. All of Mr. Morgan's trades will be publicly reported on Forms 144 and Forms 4 filed with the Securities and Exchange Commission. About Acxiom Acxiom Corporation (Nasdaq: ACXM) integrates data, services and technology to create and deliver customer and information management solutions for many of the largest, most respected companies in the world. The core components of Acxiom's innovative solutions are Customer Data Integration (CDI CDI compact disc interactive: a system for storing a mix of software, data, audio, and compressed video for interactive use under processor control ) technology, data, database services, IT outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , consulting and analytics, and privacy leadership. Founded in 1969, Acxiom is headquartered in Little Rock, Arkansas Little Rock, Arkansas required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557] See : Bigotry , with locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe, and in Australia and Japan. Acxiom is a registered trademark of Acxiom Corporation. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion