8-KOther Events

CISCO SYSTEMS, INC. 8-K Report, Corporate Update (Sep 27, 2005)

Filed September 27, 2005For Securities:CSCO

Summary

This 8-K filing from Cisco Systems, Inc. (CSCO) reports on the adoption of a pre-arranged stock trading plan by Betsy Rafael, Vice President, Corporate Controller, and Principal Accounting Officer. The plan, established on September 23, 2005, allows Ms. Rafael to sell up to 89,665 shares of Cisco stock starting in October 2005 and concluding in September 2006. This action is part of her individual strategy for asset diversification and liquidity, executed in compliance with Rule 10b5-1 of the Securities Exchange Act of 1934, which allows individuals to trade shares when not in possession of material non-public information. Investors should note that this plan is a personal financial strategy by a key executive and does not reflect any non-public information about the company's performance or future prospects. The trades will be transparently reported through subsequent SEC filings. The plan underscores a common practice among executives for managing personal stock holdings over time.

Key Highlights

  • 1Betsy Rafael, VP and Principal Accounting Officer, adopted a pre-arranged stock trading plan.
  • 2The plan allows for the sale of up to 89,665 shares of Cisco stock.
  • 3Sales are scheduled to commence in October 2005 and conclude by September 2006.
  • 4The plan is designed for asset diversification and liquidity for the executive.
  • 5Transactions will adhere to Rule 10b5-1 guidelines, ensuring trades are made without possession of material non-public information.
  • 6Details of future transactions will be disclosed via Form 144 and Form 4 filings.

Frequently Asked Questions

The primary purpose of this filing is to announce that Betsy Rafael, a key accounting officer at Cisco, has adopted a pre-arranged stock trading plan. This plan allows her to sell a specific number of Cisco shares over a set period.

No, this filing indicates a personal financial planning decision by an executive. The plan was established under Rule 10b5-1, which is designed for executives to sell shares without possessing material non-public information. It's a strategy for personal asset diversification and liquidity.

Ms. Rafael's plan allows for the sale of up to 89,665 shares of Cisco stock. The selling period begins in October 2005 and is set to terminate in September 2006.

Yes, any transactions made under this plan will be publicly disclosed through the filing of Form 144 and Form 4 with the Securities and Exchange Commission, ensuring transparency.