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DFT > SEC Filings for DFT > Form 8-K on 20-Nov-2013All Recent SEC Filings




Other Events

Item 8.01. Other Events
Hossein Fateh, President and Chief Executive Officer of DuPont Fabros Technology, Inc. (the "Company"), has established a stock trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company's insider trading policy.

Under Mr. Fateh's plan, he may sell up to a total of 462,963 shares, subject to satisfaction of certain conditions. If the conditions are met, sales under the plan may commence on December 2, 2013 and will remain in effect until the earlier of (i) the sale of all of the shares under the plan has been completed, or (ii) November 28, 2014, unless otherwise terminated. The shares subject to Mr. Fateh's plan are options to purchase the Company's common stock granted to Mr. Fateh in February 2009, and are approximately fourteen percent (14%) of Mr. Fateh's total beneficial interest in the Company as of November 18, 2013, taking into account interests in DuPont Fabros Technology, L.P. held by him that are redeemable for shares of the Company's common stock on a one-for-one basis, shares of the Company's common stock that are subject to forfeiture until vested and vested options to purchase shares of the Company's common stock.

Rule 10b5-1 permits corporate officers, directors and others to adopt written, prearranged stock trading plans when they are not in possession of material, nonpublic information. Using these plans, insiders may gradually diversify their investment portfolios and spread stock trades over a period of time regardless of any material, nonpublic information they may receive after adopting their plans.

The transactions under Mr. Fateh's plan are scheduled to occur at predetermined times and will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission and will be subject to the restrictions and filing requirements mandated by Rule 144 of the Securities Act of 1933, as amended. Except as required by law, the Company does not undertake to report Rule 10b5-1 trading plans by other officers or directors of the Company or to report modifications, transactions or other activities under Rule 10b5-1 trading plans or the similar plans of any other officer or director.

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