Laidlaw International Executives Adopt 10b5-1 Trading Plans.NAPERVILLE, Ill. -- Laidlaw International, Inc. (NYSE NYSE See: New York Stock Exchange : LI) today announced that certain senior executives including Kevin E. Benson, President and Chief Executive Officer, Beth Byster Corvino, Executive Vice President and General Counsel, Mary B. Jordan, Executive Vice President, Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and Internal Communications  This article's grammar usage needs improvement. Please edit this article in accordance with Wikipedia's . , Jeffery A. McDougle, Vice President and Treasurer and Jeffrey W. Sanders, Vice President and Chief Financial Officer, have each adopted a prearranged pre·ar·range tr.v. pre·ar·ranged, pre·ar·rang·ing, pre·ar·rang·es To arrange in advance. pre stock trading plan to sell a portion of their Laidlaw stock as a means of funding a portion of their tax liabilities in connection with future vesting of deferred share grants. Each of the 10b5-1 stock trading plans was adopted in accordance with the guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934 and Laidlaw's policies regarding stock transactions. Rule 10b5-1 allows officers and directors of public companies to adopt written prearranged stock trading plans when they are not in possession of material, non-public information. The rule avoids concerns about initiating stock transactions while an insider may be aware of material non-public information. Once a Rule 10b5-1 trading plan is established, the insider retains no discretion over sales under the plan, and the prearranged trades can be executed through a broker at later dates without regard to any subsequent material non-public information that the insider may receive. The transactions under each of these executives' Rule 10b5-1 trading plans will be publicly disclosed through Form 4 filings with the Securities and Exchange Commission. Laidlaw International, Inc. is a holding company for North America's largest providers of school and inter-city bus transport services The collective functions of layers 1 through 4 of the OSI model. and a leading supplier of public transit services. The company's businesses operate under the brands: Laidlaw Education Services, Greyhound Lines Greyhound Lines is the largest inter-city common carrier of passengers by bus in North America , serving 2,200 destinations in the United States. It was founded in Hibbing, Minnesota, USA, in 1914 and incorporated as "The Greyhound Corporation" in 1926. , Greyhound Canada and Laidlaw Transit. The company's shares trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE:LI). For more information on Laidlaw International, visit the website: www.laidlaw.com. |
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