8-KOther Events

Fidelity National Information Services, Inc. 8-K Report, Corporate Update (May 18, 2016)

Filed May 18, 2016For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) announced on May 18, 2016, that its Chief Financial Officer, Woody Woodall, has implemented a Rule 10b5-1 trading plan. This plan allows for the orderly sale of up to 30,918 of his common shares, derived from stock options set to expire in 2017. The sales will occur over time in 2016, contingent upon specific plan criteria, including minimum price levels, and will be executed without Mr. Woodall having any discretion over the timing or execution of the trades. The establishment of this plan is a standard personal financial planning strategy for corporate insiders, designed to manage stock option expirations and diversify holdings while minimizing market impact and adhering to regulatory guidelines. The transactions will be publicly reported via Form 144 and Form 4 filings. Importantly, upon completion of these sales, Mr. Woodall will remain in compliance with FIS's stock ownership guidelines for executive officers.

Key Highlights

  • 1CFO Woody Woodall has adopted a Rule 10b5-1 trading plan to sell up to 30,918 FIS common shares.
  • 2The shares to be sold originate from stock options expiring in 2017.
  • 3Sales will occur throughout 2016 under predetermined criteria, including minimum price levels.
  • 4The plan ensures no insider trading concerns as it's established when the CFO is not in possession of material non-public information.
  • 5Mr. Woodall has no control over the specific timing or execution of trades under the plan.
  • 6All transactions will be publicly disclosed via SEC filings (Form 144 and Form 4).
  • 7Post-sale, the CFO will continue to meet FIS's executive stock ownership guidelines.

Frequently Asked Questions

The CFO is selling stock as part of a pre-arranged Rule 10b5-1 trading plan. This is a common method for executives to manage personal finances, exercise stock options before they expire, and diversify their investment portfolios in an orderly manner without violating insider trading regulations.

No, the plan is established under Rule 10b5-1, meaning it was put in place when the CFO did not possess material non-public information. Furthermore, the plan aims to avoid any perception of insider trading and ensures the CFO remains compliant with stock ownership guidelines after the sales, suggesting it's a financial planning measure rather than a reflection on the company's outlook.

The sales are scheduled to take place from time to time throughout 2016, subject to the specific terms of the Rule 10b5-1 plan, which includes criteria such as minimum price levels. The exact timing and number of shares sold on any given day are not under the CFO's discretion.

Up to 30,918 shares are eligible for sale. These shares are derived from stock options currently held by the CFO that are scheduled to expire in 2017.