Arbitron's Morris Unveils New Stock Trading Plan
March 4, 2008 at 2:48 PM (PT)
ARBITRON Chairman/Pres./CEO STEPHEN B. MORRIS has established a new stock trading plan in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934. The will diversify MORRIS' investment portfolio in an orderly, prearranged manner and to facilitate payment of taxes.
In this new plan, effective MARCH 4th, 2008, MORRIS will systematically exercise employee stock options and sell up to 90,382 shares of ARBITRON stock over a period of 12 months, which a broker is authorized to execute at monthly intervals beginning in APRIL, 2008. These employee stock options are from grants that will expire on OCTOBER 20th, 2009 and AUGUST 19th, 2014.