This excerpt taken from the SAPE 8-K filed May 12, 2005.
Item 8.01. Other Events.
On March 21, 2005, Jerry A. Greenberg, the Co-Chairman and Co-Chief Executive Officer of the Company, entered into a Rule 10b5-1 trading plan to sell up to 1,000,000 shares of the Company's common stock currently owned by him. Under this plan, the plan's agent will undertake to sell specified numbers of shares each month if the stock trades above certain prearranged minimum prices. Mr. Greenberg will have no control over the timing of any sales under the plan. The plan takes effect May 20, 2005 and expires November 19, 2005. Mr. Greenberg entered into the plan in order to diversify his financial holdings and achieve liquidity for certain tax obligations, although he will continue to have a significant ownership interest in the Company.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.