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RAD > SEC Filings for RAD > Form 8-K on 24-Apr-2014All Recent SEC Filings

Show all filings for RITE AID CORP

Form 8-K for RITE AID CORP


24-Apr-2014

Other Events


Item 8.01 Other Events

On April 23, 2014, Robert I. Thompson, Executive Vice President, Pharmacy of Rite Aid Corporation (the "Company"), entered into a pre-arranged stock trading plan (the "Plan") to (i) exercise his options to purchase a limited number of shares of the Company's common stock, par value $1.00 per share ("Common Stock"), and to sell the shares acquired on exercise and (ii) sell shares of Common Stock already owned by Mr. Thompson for personal financial management purposes.

The Plan allows for the exercise of options to purchase a maximum of 585,000 shares of Common Stock if the Common Stock reaches specified market prices during the period June 23, 2014 and continuing until the options to purchase all 585,000 shares have been exercised and the acquired shares sold, or March 20, 2015, whichever occurs first. The shares acquired upon exercise will be sold contemporaneously with the exercise. The Plan also allows for the sale of a maximum of 174,583 shares of Common Stock already owned by Mr. Thompson if the Common Stock reaches specified market prices during the period June 23, 2014 and continuing until all 174,583 shares of Common Stock are sold, or March 20, 2015, whichever occurs first.

The Plan was designed to comply with the guidelines specified in Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended, which permit persons to enter into a pre-arranged plan for buying or selling Company stock at a time when such person is not in possession of material, nonpublic information about the Company. Mr. Thompson will continue to be subject to the Company's stock ownership guidelines, and the sales contemplated by the Plan will not reduce Mr. Thompson's ownership of Common Stock below the levels required by the guidelines.


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