Actuant (NYSE:ATU)
Historical Stock Chart
2 Years : From May 2011 to May 2013
Actuant Corporation (NYSE: ATU) today announced that certain of its
executives have adopted prearranged trading plans in accordance with
guidelines specified by Rule 10b5-1 under the Securities Exchange Act of
1934 and the Company's policies with respect to insider sales. Rule
10b5-1 allows officers and directors of public companies, at a time when
they are not aware of material nonpublic information, to adopt
predetermined plans for selling shares of company stock.
Pursuant to the 10b5-1 plans, the executives (Arzbaecher, Goldstein,
Kobylinski, Lampereur) will be exercising stock options and immediately
selling the shares of Actuant stock because the underlying options are
approaching the end of their 10 year term. In addition, Arzbaecher and
Boel plan to sell certain shares held outright. The transactions may
take place from time-to-time on or after April 5, 2012, subject to
certain 10b5-1 plan criteria, including certain minimum price levels and
daily volume activity.
The stock is being sold for personal financial planning purposes
including portfolio diversification as a large portion of each
executive’s net worth is in the form of Actuant stock. The executives
are, and will continue to be, in compliance with Actuant’s officer stock
ownership requirements.
About Actuant Corporation
Actuant Corporation is a diversified industrial company with operations
in more than 30 countries. The Actuant businesses are leaders in a broad
array of niche markets including branded hydraulic and electrical tools
and supplies; specialized products and services for energy markets and
highly engineered position and motion control systems. The Company was
founded in 1910 and is headquartered in Menomonee Falls, Wisconsin.
Actuant trades on the NYSE under the symbol ATU. For further information
on Actuant and its businesses, visit the Company's website at www.actuant.com.
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