CoStar Group CEO and Chairman Terminate 10b5-1 Plans.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--Dec. 2, 2002 CoStar Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CSGP CSGP Combat Support Group (USAF squadron type) CSGP Computer Systems Group ), the leading provider of information services See Information Systems. to the U.S. commercial real estate industry, today announced that both its 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. , Andrew C. Florance, and its Chairman, Michael R. Klein, have terminated their prearranged pre·ar·range tr.v. pre·ar·ranged, pre·ar·rang·ing, pre·ar·rang·es To arrange in advance. pre plans covering the sale of portions of their holdings of CoStar Group common stock through a pattern of pre-authorized trading. These plans had been adopted in accordance with the Securities and Exchange Commission Rule 10b5-1. In connection with the termination of his plan, Mr. Klein indicated that he has determined that any further reduction in his holdings of CoStar stock would be better effected without the benefit of the prescribed pattern of trading set forth in this plan. Mr. Florance has no plans to sell CoStar stock currently. About CoStar Group Headquartered in Bethesda, MD, CoStar Group, Inc. (NASDAQ:CSGP), is the leading provider of information services to the U.S. commercial real estate industry. CoStar's suite of products offers customers access to the most comprehensive, verified database of commercial real estate information in 50 U.S. markets. The company has approximately 800 employees in 32 offices nationally, including the industry's largest professional research organization. |
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