12/20/2005
Insider Trading and Rule 10b5-1(c) Trading Plans
Five years ago, the U.S. Securities and Exchange Commission (SEC) amended insider trading rules such that an individual who trades stock while aware of material nonpublic information is deemed to have traded on the basis of such information. Fortunately, the amendments also provide a defense if the person trades pursuant to a written plan adopted before he or she became aware of the information.Accordingly, employees, officers, and directors of publicly traded companies have increasingly sought to create Rule 10b5-1(c) plans in an effort to insulate themselves from charges of insider trading. Topics to be discussed include: - A primer on insider trading liability
- The mechanics of adopting a Rule 10b5-1(c) plan
- Timing of adopting a plan
- Interplay between plan trades and trading windows
- Guarding against plan abuse
Foley & Lardner LLP attorneys Joseph D. Edmondson, Jr. and Curt P. Creely will share their experience and make practical suggestions for publicly traded companies looking to implement Rule 10b5-1(c) plans. 
To participate, simply log on and attend this interactive program from the convenience of your own office. Instructions for accessing the Web conference will be provided upon registration. Space is limited, so please register today. For more information, contact Annie Westover at awestover@foley.com or 202.945.6198. To see more events in this series, please visit the conference Web site at Foley.com/secwebconference. Foley will apply for CLE credit after the Web conference.
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