8-KOther Events

Fidelity National Information Services, Inc. 8-K Report, Corporate Update (Nov 5, 2014)

Filed November 5, 2014For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) announced on November 5, 2014, that its Chief Financial Officer, Woody Woodall, has adopted a Rule 10b5-1 trading plan. This plan allows for the orderly sale of a portion of his FIS common shares, up to 33,000 stock options set to expire in 2016, during 2015. The sales are subject to specific plan criteria, including minimum price levels, and Mr. Woodall will have no discretion over the transactions once the plan is in effect. This filing is important for investors as it provides transparency into executive stock transactions. The use of a Rule 10b5-1 plan indicates adherence to regulatory requirements for insider trading, designed to prevent sales based on material non-public information. The plan's structured nature aims to minimize market impact and ensure diversification of the executive's portfolio, while still complying with FIS' stock ownership guidelines.

Key Highlights

  • 1FIS CFO, Woody Woodall, has adopted a Rule 10b5-1 trading plan.
  • 2The plan allows for the sale of up to 33,000 FIS stock options expiring in 2016.
  • 3Sales are planned to occur periodically throughout 2015.
  • 4Transactions will be subject to pre-defined criteria, including minimum price levels.
  • 5Mr. Woodall will have no control over individual trades under the plan.
  • 6The plan is designed for orderly exercise of options and personal financial planning.
  • 7All trades will be publicly disclosed via Form 144 and Form 4 filings.

Frequently Asked Questions

The CFO, Woody Woodall, is selling stock as part of a pre-arranged Rule 10b5-1 trading plan. This plan is designed for orderly exercise of stock options that are set to expire and for personal financial planning, not necessarily due to a negative outlook on the company.

Generally, no. Rule 10b5-1 plans are standard tools for executives to manage their stock portfolios in a compliant manner. The plan is established when the insider does not possess material non-public information and allows for diversification over time, minimizing market impact.

The sales are expected to occur from time to time during 2015, subject to the specific criteria outlined in the trading plan, such as minimum price levels.

Yes, all transactions made under this Rule 10b5-1 trading plan will be disclosed through Form 144 and Form 4 filings with the Securities and Exchange Commission, as required by law.