8-KOther Events

ROCKWELL AUTOMATION, INC 8-K Report, Corporate Update (Dec 11, 2009)

Filed December 11, 2009For Securities:ROK

Summary

This Form 8-K filing from Rockwell Automation, Inc. (ROK) on December 11, 2009, primarily reports on a pre-arranged stock trading plan established by its Chairman and CEO, Keith D. Nosbusch. Mr. Nosbusch has entered into a Rule 10b5-1 trading plan to exercise stock options for 301,097 shares and sell the underlying shares. This plan is part of his personal financial planning to diversify and liquidate these long-term assets before they expire in October 2010. The trading plan will become effective on January 29, 2010, with sales occurring during specified periods following the announcement of quarterly earnings. Investors should note that this is a planned, pre-determined transaction by a key executive and is not necessarily indicative of the company's immediate outlook or performance, but rather a strategic move for personal financial management.

Key Highlights

  • 1Chairman and CEO Keith D. Nosbusch entered into a Rule 10b5-1 trading plan.
  • 2The plan covers 301,097 shares issuable upon exercise of stock options awarded on October 2, 2000.
  • 3The trading plan becomes effective on January 29, 2010.
  • 4Under the plan, options will be exercised and shares sold in the open market.
  • 5Sales will occur during specified trading periods after public announcement of quarter-end earnings.
  • 6The options expire on October 2, 2010.
  • 7The purpose of the plan is for Mr. Nosbusch's tax and financial planning to diversify and liquidate long-term assets.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose that Rockwell Automation's Chairman and CEO, Keith D. Nosbusch, has entered into a pre-arranged trading plan (Rule 10b5-1) for exercising and selling shares obtained through stock options.

The CEO is selling his stock options as part of his personal tax and financial planning strategy. He aims to diversify and liquidate these long-term assets before the options expire in October 2010.

The trading plan becomes effective on January 29, 2010. The shares will be sold in the open market during specified trading periods that occur after the public announcement of the company's quarterly earnings, but before the options expire on October 2, 2010.

This filing reports on a planned, pre-determined transaction by a key executive for personal financial management. It is not necessarily an indication of the company's immediate performance or outlook. Rule 10b5-1 plans are often used by executives to sell shares in a way that avoids potential accusations of insider trading.