Market Overview

Several Cisco Execs Adopt Trading Plans to Sell Shares

Related CSCO
Court Vacates VirnetX Holding Corporation Patent Victory Against Apple Inc., Shares Plummet 50%
UPDATE: Shares of Cisco Edge Lower Following 10-K; Could Be Related to Comment 'Investigation Into Allegations...Regarding Possible Violations of US Foreign Corrupt Practices Act,' Regarding Russia
Is Your Portfolio Ready for the IOT Boom? (Fox Business)

Cisco (NASDAQ: CSCO) filing discloses:

On December 13, 2012, Gary B. Moore, President and Chief Operating Officer of Cisco Systems, Inc. (“Cisco”), adopted a pre-arranged stock trading plan to sell up to 385,180 shares of Cisco stock acquired upon vesting of restricted stock units. The plan is scheduled to terminate in December 2013.

In addition, on December 17, 2012, Robert W. Lloyd, President, Development and Sales of Cisco, adopted a pre-arranged stock trading plan to (i) exercise up to 30,000 Cisco stock options originally granted in 2004 and set to expire by August 2013, and sell the acquired shares of Cisco stock, and (ii) sell up to 43,750 shares of Cisco stock acquired upon vesting of restricted stock units. The plan is scheduled to terminate in March 2014.

Further, on December 18, 2012, Frank A. Calderoni, Executive Vice President and Chief Financial Officer of Cisco, adopted a pre-arranged stock trading plan to (i) exercise up to 251,333 Cisco stock options originally granted in 2004 and set to expire between May and August of 2013, and sell the acquired shares of Cisco stock. The plan is scheduled to terminate in August 2013.

Posted-In: News Insider Trades

 

Related Articles (CSCO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters