ST. LOUIS – March 5, 2007 – SAVVIS, Inc. (NASDAQ:SVVS), a global leader in IT infrastructure services for business applications, today announced that certain officers of the company established pre-arranged personal stock trading plans with a brokerage firm under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, on February 28, 2007.
Rule 10b5-1 allows officers and directors of public companies to adopt written prearranged stock trading plans when they are not in possession of material, non-public information. The rule obviates concerns about initiating stock transactions while the insider may be aware of material non-public information. Once a Rule 10b5-1 trading plan is established, the insider retains no discretion over sales under the plan, and the trades are executed through a broker in accordance with the terms of the plan at later dates without regard to any subsequent material non-public information that the insider may receive.
The following executive officers of SAVVIS have elected to enter into the Rule 10b5-1 stock trading plan:
•Philip J. Koen, Chief Executive Officer
•Jonathan C. Crane, President
•Jeffery H. VonDeylen, Chief Financial Officer
•Mary Ann Altergott, Senior Vice President- Human Resources
•Timothy E. Caulfield, Senior Vice President- Operations
•Eugene V. DeFelice, General Counsel and Corporate Secretary
•Bryan Doerr, Chief Technology Officer
•Richard S. Warley, Senior Vice President, Managing Director- International
An aggregate of approximately 368,000 shares are covered by the stock trading plans. Sales of shares pursuant to the stock trading plans will occur over the next 10 months and will be reported through Form 4 filings with the Securities and Exchange Commission.
SAVVIS, Inc. (NASDAQ: SVVS) is a global leader in IT infrastructure services for business applications. With an IT services platform spanning North America, Europe, and Asia, SAVVIS leads the industry in delivering secure, reliable, and scalable hosting, network, and application services. These solutions enable customers to focus on their core business while SAVVIS ensures the quality of their IT systems and operations. SAVVIS’ strategic approach combines virtualization technology, a global network and 24 data centers, and automated management and provisioning systems. For more information about SAVVIS, visit:
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from SAVVIS’ expectations. Certain factors that could affect actual results are set forth as risk factors in SAVVIS’ SEC reports and filings, including its annual report on Form 10-K and all subsequent filings. SAVVIS assumes no obligation to update or supplement forward-looking statements.