Las Vegas, NV -- (SBWIRE) -- 06/28/2013 -- New Energy Technologies Inc (OTCMKTS:NENE) has Dr. Alastair Livesey on the Board of Directors. He informed the company that he has adopted a stock trading plan according to the guidelines that are specified in Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
Under this trading plan, Dr. Livesey's 36,667 vested options were issued to him pursuant to the Incentive 2006 of the company. The stock plan may be exercised. The shares of common stock of the company that are owned by Dr. Alastair Livesey would be sold on his behalf by an independent broker after pre-specified price targets are achieved.
The trading plan was adopted on 19th June, 2013 but there would be no trades till 20th July, 2013. The plan has been adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934 which allows individuals who are not in possession of material ornon-public information at the time the plan was adopted to establish a pre-arranged plan to buy or sell Company stock.
To find out what OTCMAGIC projects for New Energy Technologies Inc for both short term and long term please click here: NENE
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