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SandRidge Energy, Inc. Message Board

  • ssandog ssandog Oct 21, 2010 4:58 PM Flag

    could this be why ward sold earlier than xmas?

     

    Looks like they got a new 401k plan.

    Temporary Suspension of Trading Under Registrant's Employee Benefit Plans, F

    Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
    SandRidge Energy, Inc. (the "Company") has elected to change the record keeper for the SandRidge Energy, Inc. 401(k) Plan (the "Plan"). As a result of this change, there will be a blackout period in which Plan participants will be temporarily unable to (i) obtain a loan under the Plan, (ii) obtain a distribution from the Plan, or (iii) change existing investment elections or execute a fund transfer. The blackout period is expected to begin on November 17, 2010 and end during the week of December 20, 2010 (the "Blackout Period"). The Company received the notice of the Blackout Period required by
    Section 101(i)(2)(E) of the Employee Retirement Income Security Act of 1974 on October 15, 2010.

    On October 15, 2010, the Company sent a notice of the Blackout Period (the "Blackout Period Notice") to the members of its Board of Directors and executive officers pursuant to Section 306 of the Sarbanes-Oxley Act of 2002 and Securities and Exchange Commission Rule 104 of Regulation BTR informing them that during the Blackout Period they would be prohibited from purchasing and selling shares of the Company's common stock (including derivative securities pertaining to such shares) that they acquired in connection with their service or employment as a director or executive officer of the Company.

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