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Quotes & Info
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| OMI > SEC Filings for OMI > Form 8-K on 13-Mar-2009 | All Recent SEC Filings |
13-Mar-2009
Other Events
On March 10, 2009, Craig R. Smith, President and Chief Executive Officer of Owens & Minor, Inc. (the "Company"), adopted a stock trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Mr. Smith's 10b5-1 plan provides for the sale of shares of Company common stock to be acquired through the exercise of stock options scheduled to expire in early 2010. Under the terms of the plan, Mr. Smith will exercise and sell sufficient shares to cover the exercise price and withholding taxes for 50,000 optioned shares and will exercise and sell shares for another 50,000 optioned shares. Shares will be sold under Mr. Smith's plan on the open market at prevailing prices on specified dates (subject to minimum price thresholds set forth in his plan).
The purpose of Mr. Smith's 10b5-1 plan is to allow him to spread stock trades relating to expiring options over an extended period of time on pre-arranged dates to reduce market impact and avoid concerns about transactions occurring at times when he could possess material non-public information. Transactions under the plan will be reported to the Securities and Exchange Commission in accordance with applicable securities laws, rules and regulations.
Except to the extent required by law, the Company does not undertake to report Rule 10b5-1 plans that may be adopted by any officers or directors in the future or to report any modifications or termination of any publicly announced trading plan.
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