GAB: Right on. I finally found the reference where they said that is what they were doing. Use of the plan gives them a "safe harbor" defense against insider trading charges.
From the 4th Q 07 CC:
Tom Carpenter - Hilliard Lyons Have you been buying back this quarter or have there been restrictions you have faced and catch you on the sidelines? Scott A. McQuilkin We put together a 10b5-1 plan and we have been buying back.
Not so. The buyback is under a pre-arranged 10B-5 plan.
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