Summary
This 8-K/A filing from Rockwell Automation, Inc. serves as an amendment to a previous 8-K report, primarily correcting an error in the reported exercise price of stock options. The key event is the establishment of a Rule 10b5-1 trading plan by Chairman and CEO Keith D. Nosbusch. This plan involves 301,097 shares issuable upon exercise of stock options awarded in October 2000, with a corrected exercise price of $11.6038 per share. The plan is designed for tax and financial planning purposes, aiming to diversify and liquidate these long-term assets before the options expire in October 2010.
Key Highlights
- 1Amendment corrects previously reported exercise price of stock options.
- 2CEO Keith D. Nosbusch has entered into a Rule 10b5-1 trading plan.
- 3The plan covers 301,097 shares to be acquired upon exercise of stock options.
- 4The corrected exercise price for these options is $11.6038 per share.
- 5Stock options were originally awarded on October 2, 2000, and expire on October 2, 2010.
- 6The trading plan becomes effective on May 1, 2009.
- 7The plan allows for the exercise of options and sale of shares if minimum price thresholds are met.