HARTFORD, Conn. – Aetna (NYSE: AET) announced today that Ronald A. Williams, the company’s chairman and CEO, has adopted a prearranged trading plan in accordance with guidelines specified by Rule 10b5-1 under the Securities and Exchange Act of 1934, and the company’s policies with respect to insider sales.
Rule 10b5-1 permits officers and directors of public companies to adopt predetermined plans for selling specified amounts of stock. The plans may be entered into only when the officer or director is not in possession of material, nonpublic information and may be used to diversify investment portfolios over a period of time.
Under Williams’ Rule 10b5-1 plan, he will exercise employee stock options that were granted in 2001 and 2003 and which will expire in 2011 and 2013, and will programmatically sell the resulting 3,480,000 shares as part of his personal financial planning. Sales under the plan may occur from the second quarter of 2009 through early 2013.
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 36.5 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.
Aetna Media Contact:
Aetna Investor Contact:
Jeffrey A. Chaffkin