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MGAM > SEC Filings for MGAM > Form 8-K on 30-Aug-2013All Recent SEC Filings

Show all filings for MULTIMEDIA GAMES HOLDING COMPANY, INC. | Request a Trial to NEW EDGAR Online Pro

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


30-Aug-2013

Other Events


Item 8.01 Other Events.

On August 29, 2013, 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 Rule10b5-1 promulgated under the Securities Exchange Act of 1934, as amended, and the Company's insider trading policy (a "Trading Plan"). On August 29, 2013, each of Adam Chibib, the Company's Senior Vice President and Chief Financial Officer, and Joaquin J. Aviles, the Company's Vice President - Technology, also entered into a Trading Plan. Rule10b5-1permits 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 25% of his current outstanding vested and unvested equity awards beginning on September 30, 2013. Shares would be sold under Mr. Ramsey's 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 March 30, 2014, or if and when all of the shares under his Trading Plan are sold. Mr. Ramsey has entered into his Trading Plan for personal portfolio diversification.

Mr. Chibib's Trading Plan provides for the sale of less than 36% of his current outstanding vested and unvested equity awards beginning on September 30, 2013. Shares would be sold under Mr. Chibib's 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. Chibib's Trading Plan will, in fact, be sold. Mr. Chibib will have no control over the timing of the stock sales under his Trading Plan. Mr. Chibib's Trading Plan is scheduled to expire on the earlier of March 30, 2014, or if and when all of the shares under his Trading Plan are sold. Mr. Chibib has entered into his Trading Plan for personal portfolio diversification.

Mr. Aviles' Trading Plan provides for the sale of less than 33% of his current outstanding vested and unvested equity awards beginning on September 30, 2013. Shares would be sold under Mr. Aviles' 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. Aviles' Trading Plan will, in fact, be sold. Mr. Aviles will have no control over the timing of the stock sales under his Trading Plan. Mr. Aviles' Trading Plan is scheduled to expire on the earlier of March 31, 2014, or if and when all of the shares under his Trading Plan are sold. Mr. Aviles has entered into his Trading Plan for personal portfolio diversification.

Any actual stock sales under each of Mr. Ramsey's, Mr. Chibib's and Mr. Aviles' Trading Plans 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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