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| HAST > SEC Filings for HAST > Form 8-K on 29-Oct-2012 | All Recent SEC Filings |
29-Oct-2012
Other Events, Financial Statements and Exhibits
On April 13, 2012, John H. Marmaduke, the President and Chief Executive Officer
of Hastings Entertainment, Inc. ("Hastings"), adopted a prearranged trading plan
in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as
amended, and John H. Marmaduke Family Limited Partnership (the "John H.
Marmaduke FLP"), for which John H. Marmaduke is President, adopted a prearranged
trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of
1934, as amended (collectively, the "Rule 10b5-1 Plans"). During the term of the
Rule 10b5-1 Plans, Mr. Marmaduke and the John H. Marmaduke Family Limited
Partnership were permitted to sell up to 8,000 shares of Hastings common stock
per calendar month, or 192,000 shares of Hastings common stock over the term of
the Rule 10b5-1 Plans, with such sales subject to a limited percentage of
average daily trading volume. If for any reason the total number of shares
designated to be sold in any one calendar month were not sold, the unsold
balance may have been sold in the next calendar month or months. Sales of stock
under each Rule 10b5-1 Plan were allowed to commence on May 1, 2012 and would
continue until the Rule 10b5-1 Plan expired on the earlier to occur of
(i) April 30, 2013 or (ii) the date on which Mr. Marmaduke or the FLP sold all
of the shares covered by the Rule 10b5-1 Plan.
On October 26, 2012, Mr. Marmaduke signed letters of termination of his prearranged trading plan, as well as the John H. Marmaduke Family Limited Partnership trading plan, pursuant to paragraph 2(g) of the agreements that were originally dated April 13, 2012. The terminations are effective October 31, 2012.
10.1 Letter of Termination dated October 26, 2012 of Rule 10b5-1 Trading Plan originally dated April 13, 2012, between John H. Marmaduke and Sterne Agee & Leach, Inc.
10.2 Letter of Termination dated October 26, 2012 of Rule 10b5-1 Trading Plan originally dated April 13, 2012, between John H. Marmaduke Family Limited Partnership and Sterne Agee & Leach, Inc.
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