Item 8.01. Other Events.
On October 22, 2009 and October 28, 2009, respectively, Daniel R. Fishback,
President and Chief Executive Officer of DemandTec, Inc. (the "Company"), and
Mark A. Culhane, the Company's Executive Vice President and Chief Financial
Officer, each entered into a written stock sales plan in accordance with the
guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934,
as amended, and the Company's policies regarding securities 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. Under these plans, insiders can gradually diversify their
investment portfolios and can avoid concerns about whether they had material,
non-public information when they sold stock. All transactions under the plans
will be disclosed publicly through required Form 4 and Form 144 filings with the
Securities and Exchange Commission (the "SEC").
Under Mr. Fishback's plan, he will sell up to 416,666 shares of the Company's
Common Stock ("Common Stock") currently outstanding or to be issued upon the
exercise of outstanding stock options, up to 142,000 shares of Common Stock to
be issued upon settlement of outstanding performance-based restricted stock
units ("PSUs"), and 60,000 shares of Common Stock to be issued upon settlement
of outstanding time-based restricted stock units ("RSUs"), commencing
January 21, 2009. The plan is scheduled to terminate in January 2011, unless
terminated earlier. The number of shares to be sold under the plan and the
timing of such sales will depend on certain factors, including the prevailing
market price and trading volume of the Common Stock as well as the number of
shares actually issued upon settlement of the PSUs. The sales plan previously
entered into by Mr. Fishback on October 29, 2008, as amended on January 30,
2009, will terminate immediately prior to the effectiveness of the new sales
plan, unless terminated earlier.
Under Mr. Culhane's plan, he will sell up to 180,000 shares of Common Stock
currently outstanding or to be issued upon the exercise of outstanding stock
options, up to 35,000 shares of Common Stock to be issued upon settlement of
outstanding PSUs, and 50,000 shares of Common Stock to be issued upon settlement
of outstanding RSUs, commencing February 1, 2009. The plan is scheduled to
terminate in January 2011, unless terminated earlier. The number of shares to be
sold under the plan and the timing of such sales will depend on certain factors,
including the prevailing market price and trading volume of the Common Stock as
well as the number of shares actually issued upon settlement of the PSUs. The
sales plan previously entered into by Mr. Culhane on October 29, 2008 will
terminate immediately prior to the effectiveness of the new sales plan, unless
terminated earlier.