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IBKC > SEC Filings for IBKC > Form 8-K on 10-Dec-2013All Recent SEC Filings

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On December 10, 2013, Daryl G. Byrd, President and Chief Executive Officer of IBERIABANK Corporation (the "Company"), adopted a Rule 10b5-1 Sales Plan to sell shares of the Company's common stock in the open market at prevailing market prices. The plan was established by Mr. Byrd in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934 and the Company's policies regarding stock transactions.

The pre-arranged stock trading plan was adopted in order to allow Mr. Byrd to sell a portion of his Company common stock over time as part of his long-term strategy for individual asset diversification and liquidity. Using the plan, he can gradually diversify his investment portfolio and can spread stock trades over an extended period of time to reduce market impact. Because the plan was established in advance of a trade, it can also help avoid concerns about whether Mr. Byrd had material, non-public information when he made a decision to sell his stock.

Mr. Byrd currently owns of record and beneficially 395,041 shares of Company common stock. Under the terms of the Rule 10b5-1 trading plan, he intends to sell up to 43,750 shares over a period commencing December 10, 2013, and ending March 14, 2014. If he completes all planned sales under the trading plan, he will retain record and beneficial ownership of 351,291 shares of Company common stock.

The transactions under the Rule 10b5-1 plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.

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