|
Quotes & Info
|
| CSCO > SEC Filings for CSCO > Form 8-K on 21-Dec-2012 | All Recent SEC Filings |
21-Dec-2012
Other Events
On December 20, 2012, John T. Chambers, Chairman and Chief Executive Officer of
Cisco Systems, Inc. ("Cisco"), adopted a pre-arranged stock trading plan to
(i) exercise up to 1,300,000 Cisco stock options originally granted in 2005 and
set to expire in September 2014, and sell the acquired shares of Cisco stock,
and (ii) sell up to 1,500,000 shares of Cisco stock from other
shareholdings. The plan is scheduled to terminate in September 2014.
In addition, on December 20, 2012, John L. Hennessy, Ph.D., a member of Cisco's board of directors, adopted a pre-arranged stock trading plan to sell up to 15,000 shares of Cisco stock. The plan is scheduled to terminate in June 2014.
The transactions under the plans will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. The plans were adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and Cisco's policies regarding stock transactions.
Rule 10b5-1 permits individuals who are not in possession of material, non-public information at the time the plan is adopted to establish pre-arranged plans to buy or sell company stock. Using these plans, individuals can prudently and gradually diversify their investment portfolios over an extended period of time.
|
|