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Stock Market & Financial Investment News

News Breaks
July 18, 2014
16:32 EDTAVAVAeroVironment CEO Timothy Conver enters 10b5-1 trading plan
AeroVironment announced that its CEO and chairman of the board, Timothy Conver, as Trustee of The Conver Family Trust, has established a pre-arranged stock trading plan to sell a portion of company stock held by the Trust over a specific period of time. The stock trading plan is part of a long-term strategy for asset diversification and liquidity and was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934 and AeroVironment’s policies with respect to employee stock transactions. Under its Rule 10b5-1 Plan, the Trust may sell up to 320,000 shares over a period of approximately nine months. If the Trust completes all the planned sales under its Rule 10b5-1 Plan, Conver would beneficially own approximately 2,573,660 shares of AeroVironment common stock or approximately 11.04% of the company’s current outstanding shares. The transactions under this plan will commence no earlier than September 2014 and will be disclosed publicly through Form 144 and Form 4 filings with the SEC. The Form 4 filings will also be posted on AeroVironment’s website.
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May 19, 2015
09:14 EDTAVAVAeroVironment: Volvo XC90 T8 plug-in hybrid to include TurboCord Dual charger
AeroVironment (AVAV) announced the portable TurboCord Dual charger will come standard with the 2016 Volvo XC90 T8 Twin Engine, which will debut later this year. The Volvo (VOLVY) XC90 T8 Twin Engine is the world’s first seven passenger plug-in hybrid electric vehicle.

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