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.
Frequently Asked Questions
This filing is an amendment to a previous 8-K to correct an error regarding the exercise price of stock options subject to a Rule 10b5-1 trading plan established by the CEO.
The plan was established by Keith D. Nosbusch, Chairman and Chief Executive Officer of Rockwell Automation, Inc.
The plan concerns 301,097 shares issuable upon exercise of stock options awarded to Mr. Nosbusch on October 2, 2000. The corrected exercise price is $11.6038 per share, and the options expire on October 2, 2010.
The trading plan becomes effective on May 1, 2009. The options will be exercised and the shares sold on the open market if minimum price thresholds are met during specified trading periods after public earnings announcements.