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CORT > SEC Filings for CORT > Form 8-K on 15-Nov-2012All Recent SEC Filings

Show all filings for CORCEPT THERAPEUTICS INC

Form 8-K for CORCEPT THERAPEUTICS INC


15-Nov-2012

Other Events


Item 8.01 Other Events

On November 9, 2012, James N. Wilson, Chairman of our Board of Directors, adopted pre-arranged stock trading plans to exercise and sell a portion of the common stock that he holds in our company over time as part of his individual long-term strategy for asset diversification, tax and family financial planning. The stock trading plans were adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and our company's policies regarding stock transactions.

Under his Rule 10b5-1 trading plans, Mr. Wilson plans to sell up to an aggregate of 720,000 shares of our company's common stock held by a family trust and a family partnership over a one-year period beginning on January 1, 2013 subject to minimum price thresholds and other sale date requirements as specified in his plans. These 2013 plans will replace similar plans that Mr. Wilson has had in effect during 2012; no shares have been sold to date under these 2012 plans. Based on holdings as of November 9, 2012, if Mr. Wilson completes all the planned sales under his 2013 stock trading plans, he and his affiliated entities would retain holdings of 2,993,937 shares of our common stock, including warrants to purchase common stock and vested and unvested options to acquire common stock.

The transactions under these plans will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.

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