Add
IBKR to Portfolio
Set Alert
Email to a
Friend
| |||
|
|
Quotes & Info
|
| IBKR > SEC Filings for IBKR > Form 8-K on 7-Feb-2013 | All Recent SEC Filings |
7-Feb-2013
Other Events
Adoption of Rule 10b5-1 Trading Plan
Milan Galik, Senior Vice President and Director of Interactive Brokers Group, Inc. ("IBKR" or the "Company"), renewed and amended his trading plan, effective February 1, 2013. The plan is designed to comply with guidelines specified under Rule 10b5-1 of the Exchange Act and in accordance with the Company's Employee Trading Policy.
The trading plan was adopted in order to allow Mr. Galik to sell a portion of his IBKR stock as part of his long-term strategy for individual asset diversification and liquidity. Under the terms of the trading plan, Mr. Galik intends to sell approximately 250,000 shares of Class A common stock at prevailing market prices, subject to a minimum price threshold. The transactions are expected to occur between February 2013 and January 2014 and will be disclosed publicly in accordance with applicable securities laws, rules and regulations through appropriate filings with the Securities and Exchange Commission. Mr. Galik will have no control over the timing of the stock sales under the trading plan. The trading plan is scheduled to expire on February 1, 2014.
***
|
|