2013-06-26 00:18:03 -
6363 S. Fiddler's Green Circle, Suite 1400
Greenwood Village, CO 80111
Greenwood Village, Colo. - June 25, 2013 - Certain officers of Ciber, Inc.
(NYSE:CBR) have adopted stock trading plans in accordance with Rule 10b5-1 under
the Securities and Exchange Act of 1934. Such "pre-arranged trading plans"
permit officers to adopt written trading instructions at a time when they do not
possess material nonpublic information that will be acted upon by brokers at a
later date without any direction from, or communication with, the individual who
issued the instructions. A pre-arranged trading plan can provide for sales of
stock on a particular date or at a particular price or a combination of other
factors. The sale of Ciber shares under these trading plans is intended to help
these officers diversify
their personal investment holdings, regardless of
whether such officers may come into possession of material nonpublic information
from time to time in the future.
In addition to complying with Rule 10b5-1, Ciber has imposed its own governance
guidelines on the creation of each pre-arranged trading plan. For instance, each
plan must be approved by Ciber's designated compliance officer and is subject to
a mandatory waiting period between the creation of the plan and the first
possible trade. In addition, no Ciber insider may have more than one 10b5-1 plan
in effect at any time.
Ciber executives with pre-arranged trading plans in place include David
Peterschmidt, CEO; Rick Genovese, EVP and COO; Claude Pumilia, EVP and CFO; and
Anthony Fogel, SVP and CHRO.
All transactions under these plans will be disclosed through Form 4 filings with
the Securities and Exchange Commission as required by applicable securities
laws. Trading under these plans may begin no earlier than August 2013, following
the planned release of Ciber's second quarter earnings and quarterly disclosures
on Form 10-Q.
About Ciber, Inc.
Ciber is a global IT consulting company with 6,700 consultants in North America,
Europe and Asia/Pacific, and approximately $1 billion in annual revenue. Client
focused and results driven, Ciber partners with organizations to develop
technology strategies and solutions that deliver tangible business value.
Founded in 1974, the company trades on the New York Stock Exchange (NYSE: CBR).
For more information, visit www.Ciber.com.
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Source: Ciber, Inc via Thomson Reuters ONE