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YHOO > SEC Filings for YHOO > Form 8-K on 4-May-2009All Recent SEC Filings

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Form 8-K for YAHOO INC


4-May-2009

Other Events


Item 8.01 Other Events

On April 29, 2009, Jerry Yang, co-founder and Chief Yahoo! of Yahoo! Inc. (the "Company"), established a plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), for the trading of Company stock. Under the plan, Mr. Yang transferred two million shares of Yahoo! Inc. common stock to a blind trust managed by a third-party trustee who will have complete discretion as to when, and to what extent, the stock is to be sold or otherwise disposed of. The trust has a scheduled term of one year.

This plan is intended to comply with Rule 10b5-1 under the Exchange Act and the Company's Rule 10b5-1 Trading Plan Policy.


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