Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
ARTX > SEC Filings for ARTX > Form 8-K on 31-Dec-2013All Recent SEC Filings

Show all filings for AROTECH CORP

Form 8-K for AROTECH CORP


31-Dec-2013

Other Events


Item 8.01 Other Events.

On December 5, 2013, while it was permissible under the applicable securities laws for executive officers of Arotech Corporation (the "Company") to purchase and sell securities of the Company, the following executive officers entered into binding trading plans (the "Plans"):

                                              Maximum number
                                            of shares of common      Time period during
                                             stock that may be      which sales may occur
      Name                  Title           sold under the Plan        under the Plan
Robert S. Ehrlich   Chairman and CEO              204,000         01/02/2014 to 12/31/2015
Steven Esses        President                     72,000          01/02/2014 to 12/31/2015
                    Senior Vice President
Thomas J. Paup      - Finance and CFO             30,000          01/02/2014 to 12/31/2014

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. Rule 10b5-1 plans permit insiders to sell a specified portion of their holdings at a specified time or over a specified period of time pursuant to a plan established at a time when the insider is not in possession of material non-public information. A Rule 10b5-1 plan offers an opportunity for an insider to provide for future transactions to occur without concern about unforeseen future events that may be considered material non-public information. A Rule 10b5-1 plan may, for example, allow an insider to diversify his or her investment portfolio by selling Company shares from time to time over a pre-established period of time, without regard for future developments relating to the Company. By spreading the sales out over an extended period of time, the insider may minimize the effect of the sales on the market for the Company's stock.

Pursuant to the Plans, certain shares of the Company's common stock held by such individuals will be sold on a periodic basis without further direction from the individual in accordance with the terms and conditions set forth in the applicable Plan, which generally include minimum sale price thresholds. Each of the Plans is designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and the Company's insider trading policy. Transactions made pursuant to the Plans will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. Except as may be required by law, the Company does not undertake to report on specific Rule 10b5-1 plans of the Company's officers or directors, nor to report modifications or terminations of such plans.

.


  Add ARTX to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for ARTX - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.