Triad Guaranty Chairman Adopts Rule 10b5-1 Plan
16 December 2008 - 7:09AM
PR Newswire (US)
WINSTON-SALEM, N.C., Dec. 15 /PRNewswire-FirstCall/ -- Triad
Guaranty Inc. (Nasdaq GS: TGIC) announced today that William T.
Ratliff, III, Chairman of the Company's Board of Directors,
established a pre-arranged stock trading plan, in accordance with
Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
Rule 10b5-1 permits, among other things, individuals who are not in
possession of material, non-public information at the time the plan
is adopted to establish pre-arranged plans to buy or sell company
stock. Mr. Ratliff has authorized the sale of up to 42,250 shares
of the Company's common stock. The plan remains in effect until the
earlier of the completion of the sale of 42,250 shares, or until
November 17, 2009. As of the date of this press release, Mr.
Ratliff currently has beneficial ownership of 3,294,622 shares of
the Company's common stock, or approximately 21.8% of the total
shares outstanding. If all common stock eligible for sale under the
plan is sold, Mr. Ratliff will still beneficially own approximately
21.5% of the Company's current outstanding common stock. In
adopting his plan, Mr. Ratliff advised the Company that his
decision to sell a small portion of his shares was to facilitate
personal financial and tax planning. Any transactions under the
Rule 10b5-1 plan will be disclosed through Form 144 and Form 4
filings with the Securities and Exchange Commission. About Triad
Guaranty Insurance Corporation Triad Guaranty Inc.'s wholly owned
subsidiary, Triad Guaranty Insurance Corporation, is a nationwide
mortgage insurer pursuing a voluntary run-off of its existing
in-force book of business. For more information, please visit the
company's web site at http://www.triadguaranty.com/ Certain of the
statements contained in this release are "forward-looking
statements" and are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. These
statements include estimates and assumptions related to economic,
competitive, regulatory, operational and legislative developments.
These forward-looking statements are subject to change, uncertainty
and circumstances that are, in many instances, beyond our control
and they have been made based upon our current expectations and
beliefs concerning future developments and their potential effect
on us. Actual developments and their results could differ
materially from those expected by us, depending on the outcome of a
number of factors, including our ability to complete the run-off of
our existing in-force book of business, the possibility of general
economic and business conditions that are different than
anticipated, legislative, regulatory and other similar
developments, the appointment of FHFA as the conservator of Fannie
Mae and Freddie Mac, our ability to satisfy the continued listing
requirements of the NASDAQ stock market, changes in interest rates,
the housing market, the mortgage industry and the stock market, as
well as the factors described under "Risk Factors" and under "Safe
Harbor Statement under the Private Securities Litigation Reform Act
of 1995" in our Annual Report on Form 10-K for the year ended
December 31, 2007 and in other reports and statements that we file
with the Securities and Exchange Commission. Forward-looking
statements are based upon our current expectations and beliefs
concerning future events and we undertake no obligation to update
or revise any forward-looking statements to reflect the impact of
circumstances or events that arise after the date the
forward-looking statements are made. DATASOURCE: Triad Guaranty
Inc. CONTACT: Bob Ogburn, Vice President and Treasurer, Triad
Guaranty Inc., +1-336-723-1282, ext. 1167, Web site:
http://www.triadguaranty.com/
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