Rule 10b5-1 under the Securities Exchange Act of 1934, adopted by the Securities and
Exchange Commission in 2000, basically allows officers and directors of public companies to purchase and sell their company’s stock, even while in possession of material non-public information, provided that the transaction is made pursuant to a trading plan that specifies the amount, price and date on which securities are to be purchased or sold and is established at a time when the officer or director was not aware of material non-public information…