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WASH > SEC Filings for WASH > Form 8-K on 9-Jun-2009All Recent SEC Filings

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Form 8-K for WASHINGTON TRUST BANCORP INC


9-Jun-2009

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure

On June 5, 2009, John C. Warren, Chairman and Chief Executive Officer and a director of Washington Trust Bancorp, Inc. established a stock-trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Rule 10b5-1 plans permit directors or officers who are not in possession of material, non-public information to establish pre-arranged plans to buy or sell company stock. Mr. Warren's plan provides for the sale of up to 25,609 shares of common stock and expires on May 11, 2010. Under the terms of the plan, the shares will be sold on the open market at prevailing market prices, subject to minimum price thresholds. The plan was adopted during an authorized trading period at a time when Mr. Warren was not in possession of material, non-public information.

On October 23, 2008, James M. Vesey, Executive Vice President and Chief Credit Officer of The Washington Trust Company, a wholly owned subsidiary of Washington Trust Bancorp, Inc., established a stock-trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, which was reported on a Current Report on Form 8-K filed with the Securities and Exchange Commission on October 24, 2008. On June 9, 2009, Mr. Vesey amended the Plan to adjust the minimum price threshold at which shares of Common Stock will be sold on the open market. All other terms of the Plan remain in full force and effect. The amended Plan will become effective on June 24, 2009. The Plan was amended during an authorized trading period at a time when Mr. Vesey was not in possession of material, non-public information.


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