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Quotes & Info
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| CI > SEC Filings for CI > Form 8-K on 14-Sep-2009 | All Recent SEC Filings |
14-Sep-2009
Other Events
On September 14, 2009, H. Edward Hanway, CIGNA Corporation's Chairman and Chief Executive Officer, established a pre-arranged stock trading plan to exercise stock options and sell shares in accordance with Rule 10b5-1 under the Securities and Exchange Act of 1934. Rule 10b5-1 permits officers and directors of the Company to adopt pre-arranged stock trading plans when they do not possess material non-public information that instructs a third party to buy or sell a specified number of shares of company stock at a future time.
Mr. Hanway's stock trading plan is being established for estate and financial planning purposes in anticipation of his retirement from the Company at the end of 2009. His 10b5-1 stock trading plan provides for: (i) the sale of a maximum of 300,000 shares, only if the Company's stock price reaches $35.00; and (ii) the exercise for shares of certain employee options that are within six months of expiration. Mr. Hanway's 10b5-1 stock trading plan will terminate on February 28, 2010.
Transactions under the stock trading plan will be disclosed through filings with the Securities and Exchange Commission.
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