What is a 10b5-1 trading plan?

A Rule 10b5-1 trading plan is a written document that allows individuals to pre-arrange the purchase or sale of company stock. It is designed to prevent insider trading by establishing the trades at a time when the individual does not possess material non-public information. The plan must be established when the individual is not aware of any material non-public information.

Why did the CFO adopt this trading plan?

The CFO, Michael A. Coke, adopted the plan for personal reasons, including asset diversification, liquidity needs, and estate planning, as part of his long-term investment strategies.

How many shares are involved in this plan?

The plan allows for the potential exercise of vested stock options and sale of up to 85,591 shares of AMB Property Corporation's common stock.

Does this mean the CFO is selling a significant portion of his holdings?

As of January 29, 2007, Mr. Coke beneficially owned 98,551 shares and had options for another 19,631 shares (excluding those in the 10b5-1 plan). The plan involves up to 85,591 shares from option exercises, representing a significant portion of his potential holdings from options but not necessarily his already owned shares. The specific timing and volume of sales will be disclosed in future filings.

PLD/PLDGP 8-K: Regulation FD

Summary

This 8-K filing by AMB Property Corporation (which later became Prologis) on January 29, 2007, primarily disclosed the adoption of a pre-arranged stock trading plan by its Executive Vice President and Chief Financial Officer, Michael A. Coke. This plan, structured under Rule 10b5-1, allows Mr. Coke to exercise vested stock options and sell the resulting shares. The stated purposes for this plan are asset diversification, liquidity, and estate planning, aligning with personal long-term investment strategies. The plan allows for the potential trade of up to 85,591 shares.

Key Highlights

1CFO Michael A. Coke adopted a pre-arranged stock trading plan (10b5-1) on January 29, 2007.
2The plan allows for the exercise of vested stock options and subsequent sale of up to 85,591 shares.
3The stated objectives for the plan are personal asset diversification, liquidity, and estate planning.
4Transactions under the plan will be publicly disclosed via SEC filings.
5The filing includes standard forward-looking statement disclaimers common in SEC reports.
6AMB Property Corporation was the registrant at the time of this filing.

Prologis, Inc. 8-K Report, Regulation FD Disclosure (Jan 29, 2007)

Summary

Key Highlights

Frequently Asked Questions