UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 9, 2008
NUVASIVE, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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000-50744
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33-0768598 |
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(State or Other Jurisdiction of |
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(Commission File
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(I.R.S. Employer |
Incorporation)
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Number)
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Identification Number) |
7475 Lusk Boulevard, San Diego, California 92121
(Address of principal executive offices, with zip code)
(858) 909-1800
(Registrants telephone number, including area code)
n/a
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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TABLE OF CONTENTS
Between September 9, 2008 and September 12, 2008, each of the following individuals, each a named
executive officer of NuVasive, Inc. (NuVasive), adopted a stock trading plan for trading in
NuVasives common stock, currently held or issuable upon the exercise of stock options, in
accordance with the guidelines specified by the Securities and Exchange Commissions Rule 10b5-1
under the Securities Exchange Act of 1934: Keith Valentine, NuVasives President and Chief
Operating Officer; Kevin C. OBoyle, NuVasives Executive Vice President and Chief Financial
Officer; and Jeff Rydin, NuVasives Senior Vice President of U.S. Sales. Each of these individuals
will file Forms 4 evidencing sales under their stock trading plan as required under Section 16 of
the Securities Exchange Act of 1934. This type of trading plan allows a corporate insider to
gradually diversify holdings of company stock while minimizing any market effects of such trades by
spreading them out over an extended period of time and eliminating any market concern that such
trades were made by a person while in possession of material nonpublic information. Consistent
with Rule 10b5-1, NuVasives insider trading policy permits personnel to implement Rule 10b5-1
trading plans provided that, among other things, such personnel are not in possession of any
material nonpublic information at the time they adopt such plans.
Pursuant to the stock trading plan adopted by Mr. Valentine, commencing in December 2008, he will
sell 5,000 shares each month if the stock is above a prearranged minimum price, and may sell up to
10,000 shares each month based on increasing price levels. Pursuant to the stock trading plan
adopted by Mr. OBoyle, commencing in December 2008, he will sell 6,000 shares each month if the
stock is above a prearranged minimum price. Pursuant to the stock trading plan adopted by
Mr. Rydin, commencing in December 2008, he will sell 3,000 shares each month if the stock is above
a prearranged minimum price, and may sell up to 6,000 shares each month based on increasing price
levels.
Under each of these plans, the plans agent will undertake to sell specified numbers of shares each
month if the stock trades above the prearranged minimum prices. The individual stockholder will
have no control over the timing of any sales under the plan and there is no assurance that any
shares will be sold. Sales under each of these plans will take effect in December 2008 upon the
expiration of their existing Rule 10b5-1 trading plans, and will continue for one year.
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