Amtran Amends Insider Trading Policy to Permit Sec Rule 10b5-1 Trading Plans.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--March 27, 2002 Amtran, Inc. (Nasdaq:AMTR AMTR Australian Music Teachers Register AMTR Annual Media and Technology Report AMTR Anterior Medial Temporal Resection AMTR Atlantic Missile Test Range ), the parent company of American Trans Air, Inc. (ATA (1) (AT Attachment) The specification for IDE drives. See IDE. (2) See analog telephone adapter. ATA - Advanced Technology Attachment ), today announced that its Board of Directors has amended its insider trading policy to permit predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: , specific stock trading programs in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the amendment, members of the Company's Board of Directors, officers and employees may adopt written plans detailing future stock trading conditions at a time when they are not in possession of material non-public information. They may then buy or sell shares according to such predetermined buying or selling plans, independent of any material non-public information that they receive following adoption of such plans. The purpose of plans adopted under Rule 10b5-1 is to allow a company's board members, officers and employees to gradually diversify their investment portfolios and thereby minimize the market effects of stock sales by spreading them out over an extended period of time, as well as to avoid concerns about board members, officers and employees initiating stock transactions while in possession of material non-public information. The Company also announced that J. George Mikelsons Juris George Mikelsons is the founder of ATA Airlines. He was born in Riga, Latvia in 1938 during the end of the World War II. His family fled to Germany during the mid 1940s to escape the Soviet occupation. , Chairman of the Company's Board of Directors, has informed the Company that he established a Rule 10b5-1 Plan prior to the close of the recent trading "window" which ended on March 15, 2002. Mr. Mikelsons' Plan contemplates the sale of up to 71,200 shares, provided that specified trading prices are achieved. Amtran's common stock trades on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "AMTR." ATA, now in its 29th year of operation, is the nation's 10th largest passenger carrier based A transmission system that generates a fixed frequency (carrier) to contain the data being transmitted. See carrier. on revenue passenger miles and operates significant scheduled service from Chicago-Midway and Indianapolis. As of February 28, 2002, ATA had a fleet of 16 Boeing 737-800s, 16 Boeing 757-200s, 5 Boeing 757-300s, 10 Boeing 727-200s and 15 Lockheed L1011s. Chicago Express Airlines, Inc., the wholly owned commuter airline based at Chicago-Midway Airport, operates 11 Saab-340Bs. The entire fleet is supported by ATA's own maintenance and engineering facilities in Indianapolis, Chicago-Midway and other stations worldwide. You can learn more about ATA by visiting its website at www.ata.com. |
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