Veeco Establishs 10B5-1 Trading Plans.WOODBURY, N.Y. -- Veeco Instruments Inc. (Nasdaq: VECO VECO Vernier Engine Cut Off ) announced today that it has made Rule 10b5-1 trading plans available to its directors, executive officers and certain other employees. Certain directors and members of Veeco's management team, including its Chief Executive Officer, its President, and its Chief Financial Officer have adopted, or expressed interest in adopting, 10b5-1 trading plans to sell a portion of their company stock over time as part of their individual long-term strategy for asset diversification and liquidity. The stock trading plans were, or will be, 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 and Veeco's policies regarding stock transactions. Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. Using these plans, insiders can gradually diversify their investment portfolios, can spread stock trades out over an extended period of time to reduce any market impact and can avoid concerns about whether they had material, non-public information when they sold their stock. The transactions under these plans by directors or executive officers will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. The Form 4 filings will be posted on Veeco's investor relations Investor relations The process by which the corporation communicates with its investors. website. About Veeco Veeco Instruments Inc. provides solutions for nanoscale At nanometer size. Any device only a few nanometers in size is nanoscale. See nanotechnology and nanometer. applications in the worldwide, data storage, compound semiconductor/wireless, semiconductor and scientific research markets. Our Metrology metrology Science of measurement. Measuring a quantity means establishing its ratio to another fixed quantity of the same kind, known as the unit of that kind of quantity. products are used to measure at the nanoscale and our Process Equipment tools help create nanoscale devices. Veeco's manufacturing and engineering facilities are located in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, California, Colorado, Arizona and Minnesota. Global sales and service offices are located 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. , Europe, Japan and Asia Pacific. Additional information on Veeco can be found at http://www.veeco.com/. |
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