CNET Networks Chief Executive Officer Adopts Rule 10b5-1 Trading Plan.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. Networks, Inc. (Nasdaq:CNET) announced today that Shelby Bonnie bon·ny also bon·nie adj. bon·ni·er, bon·ni·est Scots 1. Physically attractive or appealing; pretty. 2. Excellent. , Chairman and Chief Executive Officer, has adopted a pre-arranged stock trading plan to sell a portion of his CNET Networks stock as part of an individual asset diversification and liquidity strategy for 2005. The trading plan was adopted in accordance with 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. Rule 10b5-1 enables corporate officers and directors to adopt pre-arranged stock trading plans for selling stock when they do not have material, non-public information. The rule allows individuals adopting such plans to sell shares over a specified period of time or at a specific price in the future, regardless of any subsequent material non-public information they may receive. Under the plan, Bonnie may sell up to 1.2 million shares over a one year period beginning no earlier than February 2005. These shares represent less than 10 percent of the total CNET Networks shares beneficially owned by Bonnie. The transactions under this plan will be disclosed publicly as they occur through filings with the Securities and Exchange Commission. Certain other senior executives have also adopted 10b5-1 trading plans, including Barry Briggs Barry Briggs MBE (born 30 December 1934) from Christchurch, New Zealand is a former Speedway rider. He won the World Individual title four times - in 1957, 1958, 1964 and 1966[1]. , 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. , Neil Ashe, Senior Vice President, Strategy and Development, and Sharon Le Duy, Senior Vice President and General Counsel. The transactions under these plans may occur from time to time beginning no earlier than February 2005. Other officers and directors of the company may adopt Rule 10b5-1 plans in the future. About CNET Networks, Inc. CNET Networks, Inc. (www.cnetnetworks.com) is a premier global interactive content company that informs, entertains, and connects large, engaged audiences around topics of high information need or personal passion. The company focuses on three categories -- personal technology, games and entertainment, and business technology -- and includes such leading brands as CNET, ZDNet, TechRepublic, MP3.com, GameSpot, CNET Download.com, CNET News.com, Webshots, Computer Shopper Computer Shopper could referr to the following publications:
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion