Tyco International Ltd. (TYC) filed a Form 8K - Other Events -
with the U.S Securities and Exchange Commission on July 30,
2014.
On July 30, 2014, George R. Oliver, Chief Executive Officer of
Tyco International Ltd. (the "Company") entered into a Rule 10b5 1
trading plan with respect to 271,037 shares of Company stock
issuable upon exercise of option awards scheduled to expire in 2016
and 2017. The trading plan, executed during the Company's most
recent open trading window, becomes effective on September 4, 2014.
Under the plan, the options are expected to be exercised and the
underlying shares expected to be sold in the open market on a
monthly basis over a one-year period, regardless of whether Mr.
Oliver becomes aware of any material non-public information
concerning the Company.
Mr. Oliver entered into the plan as part of his personal
long-term financial and tax planning strategy and to provide for an
orderly liquidation of the options prior to their expiration.
Assuming that all of Mr. Oliver's options are exercised and the
underlying shares are sold, Mr. Oliver would remain well above the
minimum stock ownership thresholds established by the Company's
Board of Directors. Any transactions under the 10b5-1 plan will be
publicly reported through Form 144 and Form 4 filings with the
Securities and Exchange Commission.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/833444/000083344414000104/oliveroptions7-30x14.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/833444/000083344414000104/0000833444-14-000104-index.htm
Public companies must file a Form 8-K, or current report, with
the SEC generally within four days of any event that could
materially affect a company's financial position or the value of
its shares.
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