The blackout period began at the close of market on June 15 and the repurchasing will expire on Aug. 2. Under the trading plan, LifePoint does not have any discretion over purchases of common stock. The repurchases are subject to certain pricing parameters and therefore does not guarantee that repurchases will be made.
The trading plan is part of the $150 million share repurchase program LifePoint announced in Sept. 2010. The program, called the Repurchase Authorization, allows LifePoint to repurchase shares authorized under its stock repurchase program through open market purchases or privately negotiated transactions.
Read the LifePoint release on its 10b5-1 plan.
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