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AeroVironment Announces Establishment of 10b5-1 Trading Plan by Chief Executive Offic

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Old 09-30-2008   #1 (permalink)
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AeroVironment Announces Establishment of 10b5-1 Trading Plan by Chief Executive Offic

(PR-inside.com) - AeroVironment, Inc. (AV) (NASDAQ: AVAV) today announced that its chief executive officer and chairman of the board, Timothy E. Conver, as Trustee of The Conver Family Trust, has established a pre-arranged stock trading plan to sell a portion of company stock held by the Trust over a specific period of time. The stock trading plan is part of a long-term strategy for asset diversification and liquidity and was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934 and AeroVironment's policies with respect to employee stock transactions. Rule 10b5-1 allows corporate officers ..

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