The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Certain Officers and Directors of Constellation Software Agree to Enter into Automatic Share Purchase and Disposition Plans

Friday, December 17, 2010

Certain Officers and Directors of Constellation Software Agree to Enter into Automatic Share Purchase and Disposition Plans18:02 EST Friday, December 17, 2010TORONTO, ONTARIO--(Marketwire - Dec. 17, 2010) - Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that it has been advised that nine of its officers, directors and executives have agreed with a brokerage firm to enter into automatic share purchase and disposition plans in accordance with applicable securities laws. The plans allow for the purchase and disposition of Constellation common shares in a systematic manner based upon pre-determined criteria. Details regarding the plans adopted by the officers and directors are contained in the table below:AUTOMATIC SHARE PURCHASE AND DISPOSITION AMOUNTSDecember 17, 2011Proposed Purchases# ofLimitNameOfficeTransaction PeriodSharesPriceMark LeonardPresident, Constellation Software Inc.Jan 1 - Jan 31, 2011 4,000 $ 36.00 Mark LeonardPresident, Constellation Software Inc.Feb 1 - Feb 28, 2011 4,000 $ 37.00 Mark LeonardPresident, Constellation Software Inc.Mar 1 - Mar 31, 2011 4,000 $ 38.00 Mark LeonardPresident, Constellation Software Inc.Apr 1 - Apr 30, 2011 4,000 $ 39.00 Mark LeonardPresident, Constellation Software Inc.May 1 - May 31, 2011 4,000 $ 40.00 Mark LeonardPresident, Constellation Software Inc.Jun 1 - Jun 30, 2011 4,000 $ 41.00 Mark LeonardPresident, Constellation Software Inc.Jul 1 - Jul 31, 2011 4,000 $ 42.00 Mark LeonardPresident, Constellation Software Inc.Aug 1 - Aug 31, 2011 4,000 $ 43.00 Mark LeonardPresident, Constellation Software Inc.Sep 1 - Sep 30, 2011 4,000 $ 44.00 Mark LeonardPresident, Constellation Software Inc.Oct 1 - Oct 31, 2011 4,000 $ 45.00 Mark LeonardPresident, Constellation Software Inc.Nov 1 - Nov 30, 2011 4,000 $ 46.00 Mark LeonardPresident, Constellation Software Inc.Dec 1 - Dec 31, 2011 4,000 $ 47.00 Dexter SalnaPresident, Constellation Homebuilder Systems Corp.Jan 1 - Dec 31, 2011 10,000 $ 38.05 Proposed Dispositions# ofLimit% of totalNameOfficeTransaction PeriodSharesPriceholdings (1)Mark LeonardPresident, Constellation Software Inc.Jan 1 - Jan 31, 2011 4,000 $ 53.00 0.3%Mark LeonardPresident, Constellation Software Inc.Feb 1 - Feb 28, 2011 4,000 $ 54.00 0.3%Mark LeonardPresident, Constellation Software Inc.Mar 1 - Mar 31, 2011 4,000 $ 55.00 0.3%Mark LeonardPresident, Constellation Software Inc.Apr 1 - Apr 30, 2011 4,000 $ 56.00 0.3%Mark LeonardPresident, Constellation Software Inc.May 1 - May 31, 2011 4,000 $ 57.00 0.3%Mark LeonardPresident, Constellation Software Inc.Jun 1 - Jun 30, 2011 4,000 $ 58.00 0.3%Mark LeonardPresident, Constellation Software Inc.Jul 1 - Jul 31, 2011 4,000 $ 59.00 0.3%Mark LeonardPresident, Constellation Software Inc.Aug 1 - Aug 31, 2011 4,000 $ 60.00 0.3%Mark LeonardPresident, Constellation Software Inc.Sep 1 - Sep 30, 2011 4,000 $ 61.00 0.3%Mark LeonardPresident, Constellation Software Inc.Oct 1 - Oct 31, 2011 4,000 $ 62.00 0.3%Mark LeonardPresident, Constellation Software Inc.Nov 1 - Nov 30, 2011 4,000 $ 63.00 0.3%Mark LeonardPresident, Constellation Software Inc.Dec 1 - Dec 31, 2011 4,000 $ 64.00 0.3%Mark MillerCOO, Constellation Software Inc.Jan 1 - Mar 31, 2011 10,000 $ 52.00 3.5%Mark MillerCOO, Constellation Software Inc.Apr 1 - Jun 30, 2011 10,000 $ 55.00 3.5%Mark MillerCOO, Constellation Software Inc.Jul 1 - Sep 30, 2011 10,000 $ 58.00 3.5%Mark MillerCOO, Constellation Software Inc.Oct 1 - Dec 31, 2011 10,000 $ 61.00 3.5%Bernard AnzarouthVP Business Development, Constellation Software Inc.Jan 1 - Nov 30, 2011 6,000 $ 62.00 3.9%Bernard AnzarouthVP Business Development, Constellation Software Inc.Jan 1 - Nov 30, 2011 6,000 $ 66.00 3.9%Bernard AnzarouthVP Business Development, Constellation Software Inc.Jan 1 - Nov 30, 2011 6,000 $ 70.00 3.9%Bernard AnzarouthVP Business Development, Constellation Software Inc.Jan 1 - Nov 30, 2011 9,000 $ 74.00 5.8%Bernard AnzarouthVP Business Development, Constellation Software Inc.Jan 1 - Nov 30, 2011 12,000 $ 78.00 7.8%Barry SymonsCEO, Jonas Software CorporationJan 1 - Nov 30, 2011 5,000 (2) $ 50.00 3.1%Barry SymonsCEO, Jonas Software CorporationJan 1 - Nov 30, 2011 2,000 $ 55.00 1.3%Barry SymonsCEO, Jonas Software CorporationJan 1 - Nov 30, 2011 2,000 $ 60.00 1.3%Jeff BenderCEO, Harris Computer CorporationJan 1 - Dec 31, 2011 5,000 $ 52.00 4.2%Jeff BenderCEO, Harris Computer CorporationJan 1 - Dec 31, 2011 5,000 $ 55.00 4.2%Jeff BenderCEO, Harris Computer CorporationJan 1 - Dec 31, 2011 5,000 $ 60.00 4.2%Ian KeavenyExecutive VP, R&D, Trapeze Software Inc.Jan 1 - Dec 31, 2011 10,000 (3) $ 50.00 12.0%Ian KeavenyExecutive VP, R&D, Trapeze Software Inc.Jan 1 - Dec 31, 2011 10,000 $ 52.00 12.0%Ian KeavenyExecutive VP, R&D, Trapeze Software Inc.Jan 1 - Dec 31, 2011 10,000 $ 54.00 12.0%Ian KeavenyExecutive VP, R&D, Trapeze Software Inc.Jan 1 - Dec 31, 2011 10,000 $ 60.00 12.0%Melanie JudgeCFO, N. Harris Computer CorporationJan 1 - Mar 31, 2011 5,000 $ 52.00 8.1%Melanie JudgeCFO, N. Harris Computer CorporationApr 1 - Jun 30, 2011 5,000 $ 57.00 8.1%Melanie JudgeCFO, N. Harris Computer CorporationJul 1 - Sep 30, 2011 5,000 $ 60.00 8.1%Melanie JudgeCFO, N. Harris Computer CorporationOct 1 - Dec 31, 2011 5,000 $ 63.00 8.1%Frances FendeletCorp. VP, Business Development, Trapeze Software Inc.Jan 1 - Dec 31, 2011 10,000 $ 53.00 20.1%Frances FendeletCorp. VP, Business Development, Trapeze Software Inc.Jan 1 - Dec 31, 2011 10,000 $ 55.00 20.1%Frances FendeletCorp. VP, Business Development, Trapeze Software Inc.Jan 1 - Dec 31, 2011 5,000 $ 60.00 10.0%(1) Calculated by taking the shares proposed for distribution divided by holdings as of December 17, 2010(2) Nil if prior order to sell 5,000 at $50.00 during 2010 is filled.(3) Nil if prior order to sell 10,000 at $50.00 during 2010 is filled.Note: The automatic share purchase and disposition plan for Bernard Anzarouth for December 2010 has been cancelled.Under each trading plan, the sales and purchases will occur from time to time, and will be under the direction of the independent broker engaged by each officer or director. The above plans are similar to those established in December 2006, May 2007, December 2007, December 2008, and December 2009 (see press releases dated December 15, 2006, May 23, 2007, December 14, 2007, December 17, 2008 and December 17, 2009). Additional directors, officers and employees may establish such programs in the future.About Constellation:Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. Constellation acquires, manages and builds vertical market software businesses that provide mission­-critical software solutions to address the specific needs of its customers in those industries. FOR FURTHER INFORMATION PLEASE CONTACT: John BillowitsConstellation Software Inc.Chief Financial Officer(416) 861-2279info@csisoftware.comwww.csisoftware.com