Delaware | 74-3016523 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Pursuant to the Plan, Mr. Weston plans to liquidate up to 780,000 shares in Rackspace, which represents approximately 3.5% of his current holdings. Selling according to the Plan will commence in August 2009 and will continue for approximately one year, unless sooner terminated. Mr. Weston will report transactions made pursuant to the Plan to the Securities and Exchange Commission pursuant to Rule 16(b) of the Exchange Act.
Rule 10b5-1 permits the implementation of written, prearranged stock trading plans by insiders when the insiders are not in possession of material non-public information, and allows the insiders to trade in accordance with their plans, regardless of any subsequent material non-public information they receive. Th ese trading plans allow insiders to diversify their holdings and to minimize the stock market impact of sales by spreading the sales out over time. Except as required by law, Rackspace does not undertake to report Rule 10b5-1 trading plans by other Rackspace officers or directors or to report modifications, transactions or other activities under Rule 10b5-1 trading plans or the similar plans of any other officer or director.
Rackspace Hosting, Inc. | ||||||||
Date: June 15, 2009 | By: | /s/ Bruce R. Knooihuizen | ||||||
Bruce R. Knooihuizen | ||||||||
Chief Financial Officer, Senior Vice President, and Treasurer | ||||||||