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MPW > SEC Filings for MPW > Form 8-K on 16-May-2008All Recent SEC Filings

Show all filings for MEDICAL PROPERTIES TRUST INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for MEDICAL PROPERTIES TRUST INC


16-May-2008

Other Events


Item 8.01. Other Events.
On May 14, 2008, Edward K. Aldag, Jr., Chairman of the Board, President and Chief Executive Officer of Medical Properties Trust, Inc. (the "Company"), entered into a written stock selling plan (the "10b5-1 Plan") in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company's Insider Trading Policy.
Under Rule 10b5-1, directors, officers and other employees may adopt a pre-arranged plan or contract for the sale of Company securities under specified conditions and at specified times when they are not in possession of material non-public information. Using 10b5-1 plans, individuals can gradually diversify their investment portfolios, or raise funds for income tax obligations or other needs, by spreading stock trades out over an extended period of time so as to reduce market impact and avoid concerns about transactions occurring at a time when they might possess material non-public information.
The 10b5-1 Plan entered into by Mr. Aldag allows for the sale of a maximum of approximately 186,000 shares of the Company's common stock, par value $0.001 per share, over a six-month period beginning on May 22, 2008. Sales of shares by Mr. Aldag pursuant to the 10b5-1 Plan provide for sales of specified share amounts on the open market on specified dates at prevailing market prices. Such sales are being made by Mr. Aldag for income tax purposes and other financial planning needs.
Transactions made under the 10b5-1 Plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. Except as may be required by law, the Company does not undertake to report on specific Rule 10b5-1 pre-planned stock trading plans of Company officers, nor to report modifications or terminations of the aforementioned 10b5-1 Plan or the plan of any other individual.


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