PHILADELPHIA, June 1, 2007 /PRNewswire-FirstCall/ -- CIGNA Corporation
(NYSE: CI) today announced that it will facilitate the use by its officers
of trading plans adopted pursuant to Rule 10b5-1 of the Securities Exchange
Act of 1934, as amended. Rule 10b5-1 allows corporate insiders to adopt
pre- arranged stock trading plans when they do not possess material
non-public information that instruct a third party to buy or sell a
specified number of shares of company stock at a future time. Transactions
under the plan will be disclosed through filings with the Securities and
Exchange Commission.
Today, Michael W. Bell, CIGNA's Executive Vice President and Chief
Financial Officer, entered into a 10b5-1 plan with Mellon Financial
Markets, LLC to sell a portion of his CIGNA stock holdings in order to
diversify his personal portfolio. The sales are scheduled to occur during
the first three of the company's regularly scheduled trading windows in
2008.
CIGNA Corporation and its subsidiaries constitute one of the largest
investor-owned health and related benefits organizations in the United
States. Its subsidiaries are major providers of health and related benefits
offered through the workplace, including health care products and services,
group life, accident and disability insurance. As of December 31, 2006,
CIGNA Corporation and its subsidiaries had shareholders' equity of $4.3
billion. Full year 2006 revenues totaled $16.5 billion. Web site:
http://www.cigna.com/.
SOURCE CIGNA Corporation
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Related links:
http://www.cigna.com/
http://www.prnewswire.com/comp/165050.html/
CONTACT:
Investors, Ted Detrick, +1-215-761-1414, or
Media, Wendell Potter, +1-215-761-4450, both of CIGNA Corporation
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