Financial Well-Being for Today’s Executives With Morgan Stanley’s Liz Dennis

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(1) 10b5-1 trading plans should be reviewed and approved by the legal and compliance department of the individual’s company.

(2) Most companies will permit 10b5-1 trading plans to be entered into only during open window periods.

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(6) 10b5-1 trading plans may require a cessation of trading activities at times when lockups may be required at the company (e.g., secondary offerings).

(7) Recent rule changes will require companies to publicly disclose material terms of Section 16 director and officer 10b5-1 trading plans, and the early termination of such plans.

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