Mayer Brown's "What’s the Deal? – 10b5-1 Plans" provides a reader-friendly overview of Rule 10b5-1 plans with reference to relevant laws and other regulatory reporting requirements (e.g., Rule 144, Section 16) and suggests a range of practical considerations for plan implementation and maintenance including benefits of adoption; plan components; timing and trading issues; modifications, terminations, and suspensions; and company-imposed requirements. Suggested best practices cover plan establishment, administration, terms, disclosure and non-plan trades.
Access additional information & resources on our Insider Trading/Section 16 page. This post first appeared in the weekly Society Alert!