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MGAM > SEC Filings for MGAM > Form 8-K on 20-Nov-2012All Recent SEC Filings

Show all filings for MULTIMEDIA GAMES HOLDING COMPANY, INC.

Form 8-K for MULTIMEDIA GAMES HOLDING COMPANY, INC.


20-Nov-2012

Other Events


Item 8.01 Other Events.

On November 20, 2012, Patrick J. Ramsey, Multimedia Games Holding Company, Inc.'s (the "Company") President and Chief Executive Officer, entered into a pre-arranged stock trading plan in accordance with guidelines specified in Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended, and the Company's insider trading policy (a "Trading Plan"). Rule 10b5-1 permits insiders, at a time when the insiders are not in possession of material, non-public information about the Company, to enter into pre-arranged plans for buying or selling Company stock.

Mr. Ramsey's Trading Plan provides for the sale of less than 10% of his total present Company holdings, beginning 14 days after the execution of his Trading Plan. Shares would be sold under his Trading Plan in the open market at a certain minimum price threshold, which may or may not be achieved. There is no assurance that any or all of the shares in Mr. Ramsey's Trading Plan will, in fact, be sold. Mr. Ramsey will have no control over the timing of the stock sales under his Trading Plan. Mr. Ramsey's Trading Plan is scheduled to expire on the earlier of June 4, 2013, or if and when all of the shares under the Trading Plan are sold. Mr. Ramsey has entered into his Trading Plan for personal portfolio diversification.

Any actual stock sales under Mr. Ramsey's Trading Plan will be disclosed publicly in accordance with applicable securities laws, rules and regulations, through appropriate filings with the U.S. Securities and Exchange Commission.


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