<str<strong>on</strong>g>Policy</str<strong>on</strong>g> <strong>on</strong> N<strong>on</strong>-<strong>Public</strong> Informati<strong>on</strong> <strong>and</strong> <strong>Trad<strong>in</strong>g</strong> <strong>in</strong> <strong>USA</strong>K <strong>Stock</strong>December 7, 2011current developments with<strong>in</strong> the Company, or your feel<strong>in</strong>gs about the Company’sprospects.The Company permits its directors <strong>and</strong> officers to set up Rule 10b5-1 trad<strong>in</strong>gprograms. Please see Appendix 2 for some of the steps <strong>in</strong>volved <strong>in</strong> establish<strong>in</strong>gsuch a program. However, great care must be exercised <strong>in</strong> rely<strong>in</strong>g <strong>on</strong> new Rule10b5-1, for the follow<strong>in</strong>g reas<strong>on</strong>s:i. In order to meet the requirements of Rule 10b5-1, b<strong>in</strong>d<strong>in</strong>g c<strong>on</strong>tracts,<strong>in</strong>structi<strong>on</strong>s <strong>and</strong> written plans must: (i) lock <strong>in</strong> the amount, price, <strong>and</strong>dates of future trades; (ii) provide a formula or algorithm for determ<strong>in</strong><strong>in</strong>gfuture trades; or (iii) delegate discreti<strong>on</strong> for determ<strong>in</strong><strong>in</strong>g amount, price,<strong>and</strong> dates to a third party precisely as provided under the rule.ii.iii.The ability to modify provisi<strong>on</strong>s <strong>on</strong>ce locked <strong>in</strong> is limited, <strong>and</strong>modificati<strong>on</strong> or term<strong>in</strong>ati<strong>on</strong> of arrangements is risky.The liability avoidance provisi<strong>on</strong>s of Rule 10b5-1 are affirmativedefenses. If the government can prove that an <strong>in</strong>dividual was aware ofmaterial, n<strong>on</strong>-public <strong>in</strong>formati<strong>on</strong> at the time of a purchase or sale, theburden of prov<strong>in</strong>g that trad<strong>in</strong>g was pursuant to an adequate c<strong>on</strong>tract,<strong>in</strong>structi<strong>on</strong>, or written plan will be <strong>on</strong> the <strong>in</strong>dividual. Compliance mustbe well documented <strong>and</strong> capable of proof <strong>in</strong> court.6. Examples of material, n<strong>on</strong>-public <strong>in</strong>formati<strong>on</strong>. The follow<strong>in</strong>g events are meant to bean illustrative guide rather than an exhaustive list of events that would probably generatematerial, n<strong>on</strong>-public <strong>in</strong>formati<strong>on</strong> <strong>and</strong> require disclosure to the public before you <strong>and</strong> theother pers<strong>on</strong>s described above could trade <strong>in</strong> or recommend the purchase or sale of<strong>USA</strong>K <strong>Stock</strong>:negotiati<strong>on</strong>s c<strong>on</strong>cern<strong>in</strong>g acquisiti<strong>on</strong>s, mergers, or jo<strong>in</strong>t ventures;a significant new customer, or the loss of a significant customer;a significant new c<strong>on</strong>tract with a vendor or another carrier, or the loss of such ac<strong>on</strong>tract;significant news (good or bad) about or affect<strong>in</strong>g the prospects or future of asignificant customer, vendor, or another carrier;significant new routes, services, or market<strong>in</strong>g plans;annual or quarterly earn<strong>in</strong>gs;f<strong>in</strong>ancial results or forecasts;a change <strong>in</strong> revenues or earn<strong>in</strong>gs;a significant change <strong>in</strong> capital <strong>in</strong>vestment plans;4
<str<strong>on</strong>g>Policy</str<strong>on</strong>g> <strong>on</strong> N<strong>on</strong>-<strong>Public</strong> Informati<strong>on</strong> <strong>and</strong> <strong>Trad<strong>in</strong>g</strong> <strong>in</strong> <strong>USA</strong>K <strong>Stock</strong>December 7, 2011a significant acquisiti<strong>on</strong> or dispositi<strong>on</strong> of assets;plans for facilities expansi<strong>on</strong> or c<strong>on</strong>tracti<strong>on</strong>;significant changes <strong>in</strong> regulati<strong>on</strong>;plans for additi<strong>on</strong>al f<strong>in</strong>anc<strong>in</strong>g (debt or equity);write-offs or impairments;a significant change <strong>in</strong> account<strong>in</strong>g methods;a significant dispute with a customer, vendor, or another carrier;significant litigati<strong>on</strong> or settlement;a significant labor dispute;a tender offer to purchase another company’s securities;a program of the Company to acquire its own shares;a stock split;the declarati<strong>on</strong> of a dividend;a change <strong>in</strong> senior management or a change <strong>in</strong> c<strong>on</strong>trol;a significant accident;a significant regulatory compliance issue;a default <strong>on</strong> debt or c<strong>on</strong>tracts;bankruptcy or <strong>in</strong>solvency proceed<strong>in</strong>gs; orany other <strong>in</strong>formati<strong>on</strong> that is reas<strong>on</strong>ably likely to have an impact <strong>on</strong> the price of<strong>USA</strong>K <strong>Stock</strong> or such <strong>in</strong>formati<strong>on</strong> that a reas<strong>on</strong>able <strong>in</strong>vestor would c<strong>on</strong>sider important<strong>in</strong> mak<strong>in</strong>g a decisi<strong>on</strong> to purchase or sell <strong>USA</strong>K <strong>Stock</strong>.7. Preclearance. Any transacti<strong>on</strong> executed by a Restricted Employee or their familymembers <strong>in</strong>volv<strong>in</strong>g <strong>USA</strong>K <strong>Stock</strong> (<strong>in</strong>clud<strong>in</strong>g a purchase, sale, acquisiti<strong>on</strong>, dispositi<strong>on</strong>,gift, stock opti<strong>on</strong> exercise, c<strong>on</strong>tributi<strong>on</strong> to a trust, or any other transfer) must be preclearedby the Company’s Compliance Officer.5
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