NYSE MKT: ADGE), On-Site Utility(TM) offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, today announced that certain of its directors and members of management have adopted SEC Rule 10b5-1
plans to purchase ADGE stock in the open market.
Underwriters may want to review the firm's insider trading policy, including its efforts to comply with SEC Rule 10b5-1
, as well as procedures for complying with new accelerated reporting requirements.
These repurchases may be made in open-market or privately negotiated transactions and may be made pursuant to SEC Rule 10b5-1
Repurchases will be made from time to time, in the open market or through privately negotiated transactions, as and when deemed appropriate by management and under any plan that may be deployed in accordance with SEC Rule 10b5-1
Hobbs and Hammond) have each adopted a new SEC Rule 10b5-1
plan for trading Company stock.
It is also expected that such share repurchases will be effected in accordance with a plan in conformity with SEC Rule 10b5-1
It is also expected that such repurchases will be effected pursuant to a plan in conformity with SEC Rule 10b5-1
The new plan, which will comply with the SEC Rule 10b5-1
safe harbor regarding insider trading, is motivated primarily by Mr.
Segal, age 79, has established a personal stock sale plan in accordance with SEC Rule 10b5-1
, under which he will sell up to 421,262 shares of his holdings in a regular and orderly manner over the course of the next eighteen months.
Stine, citing professional financial and tax planning advice, has established a written sale and repurchase program under SEC Rule 10b5-1
Benguo Tang have each withdrawn their respective written trading plans that were previously established in July 2008 in accordance with SEC Rule 10b5-1
and Noah's insider trading policy.
Schwartz has informed the company that he has canceled his pre-arranged trading plan under SEC Rule 10b5-1
of the Securities Exchange Act of 1934 which was previously announced on February 18, 2010.