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SWFT > SEC Filings for SWFT > Form 8-K on 23-Nov-2012All Recent SEC Filings

Show all filings for SWIFT TRANSPORTATION CO



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Item 8.01 Other Events

The Company has been advised by its Chief Executive Officer, Jerry Moyes, that Mr. Moyes' family, through affiliated entities ("Moyes Affiliates"), has established a securities trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934. This 10b5-1 plan has been established in connection with a stock sale and repurchase transaction entered into by the Moyes Affiliates to sell 4.83 million shares of Swift Class A common stock with the obligation to repurchase these securities at the same price by the fourth anniversary of the sale. This sale and repurchase transaction will enable the Moyes Affiliates to address certain tax obligations and estate planning needs. The Moyes Affiliates will continue to retain majority voting power.

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