Akamai Technologies, Inc., a service provider for accelerating content and business processes online, recently announced that Executive Chairman George Conrades adopted a personal stock trading plan in August of 2005, pursuant to, and intended to comply with, Rule 10b5-1 under the Securities Exchange Act of 1934.
Under the stock trading plan, Mr. Conrades, 66 years of age, plans to sell up to one million shares of Akamai common stock over a period of approximately six months, commencing on December 6, 2005, as part of a strategy for personal financial and estate planning purposes. Sales will continue at roughly two-week intervals until a planned last sale on June 8, 2006.
Shares to be sold under the Rule 10b5-1 plan adopted by Mr. Conrades represent approximately 18 percent of his personal holdings of Akamai common stock, including his vested stock options, as of today's date. Mr. Conrades also announced that he has gifted an aggregate of approximately 4
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