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CAMP > SEC Filings for CAMP > Form 8-K on 20-May-2013All Recent SEC Filings

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Form 8-K for CALAMP CORP.


Other Events

Item 8.01 Other Events.

On May 15, 2013, Frank Perna, Jr., a director of CalAmp Corp. ("CalAmp"), adopted a pre-arranged stock trading plan (the "Plan") to sell certain shares of CalAmp common stock, the majority of which were acquired by Mr. Perna through open market purchases. Under the Plan, Mr. Perna may sell up to 99,600 shares. The Plan is scheduled to terminate in June 2014.

Transactions under the Plan will be disclosed in Form 144 and Form 4 filings with the Securities and Exchange Commission. The Plan was adopted in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

Rule 10b5-1 permits individuals who are not in possession of material, non-public information at the time a trading plan is adopted to establish prearranged plans to buy or sell company stock. Using these plans, individuals can prudently and gradually diversify their investment portfolio over an extended period of time.

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