Actuant Announces Executive 10b5-1 Plans
March 22, 2010 08:31 AM Eastern Daylight Time
MILWAUKEE--(EON: Enhanced Online News)--Actuant Corporation (NYSE: ATU) today announced that
Robert Arzbaecher, Chief Executive Officer, Andrew Lampereur, Executive Vice President and Chief Financial
Officer and Brian Kobylinski, Executive Vice President, Industrial and Energy Segments have adopted prearranged
trading plans in accordance with guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934 and
the Company's policies with respect to insider sales. Rule 10b5-1 allows officers and directors of public companies,
at a time when they are not aware of material nonpublic information, to adopt predetermined plans for selling shares
of company stock.
Pursuant to the 10b5-1 plans, the three executives are exercising stock options and immediately selling the shares of
Actuant stock because the underlying options were granted at or prior to October 2001 and have ten year terms.
Per the 10b5-1 plans, Mr. Arzbaecher will exercise stock options and sell up to 200,000 shares; Mr. Lampereur
will exercise stock options and sell up to 64,000 shares and Mr. Kobylinski will exercise stock options and sell up to
28,000 shares. The transactions may take place from time-to-time after March 22, 2010, subject to certain 10b5-1
plan criteria, including certain minimum price levels and daily volume activity. The stock is being sold for personal
financial planning purposes including portfolio diversification as a large portion of each executive’s net worth is in the
form of Actuant stock.
The executives are, and will continue to be, in compliance with Actuant’s officer stock ownership guidelines.
Following execution of the exercise and sale, Mssrs. Arzbaecher, Lampereur and Kobylinski will beneficially own
1,392,676 shares, 388,128 shares and 198,715 shares, respectively of Actuant stock. Shares are deemed to be
beneficially owned by any person who has the power to vote or direct the vote or the po