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KBR > SEC Filings for KBR > Form 8-K on 18-Mar-2013All Recent SEC Filings

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Form 8-K for KBR, INC.


Other Events

ITEM 8.01. Other Events.

On March 12, 2013, William P. Utt, Chairman, President and Chief Executive Officer of KBR, Inc., adopted a stock trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and KBR, Inc.'s Policy Against Insider Trading. Under Rule 10b5-1, directors, officers and other employees who are not in possession of material non-public information may adopt a pre-arranged plan or contract for the sale of Company securities under specified conditions and at specified times. Using these 10b5-1 plans, individuals can gradually diversify their investment portfolios, spread stock trades out over an extended period of time to reduce market impact and avoid concerns about transactions occurring at a time when they might possess material non-public information.

Mr. Utt's 10b5-1 plan provides for the sale of up to 78,333 shares Mr. Utt already owns. Shares may be sold under Mr. Utt's plan on the open market at prevailing market prices and subject to a minimum price threshold specified in his plan. The plan will terminate no later than December 31, 2013.

Any transactions under Mr. Utt's plan will be disclosed publicly through Form 4 and Form 144 filings with the Securities and Exchange Commission when due.

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