Business Context and Reporting Period
This Form 8-K filing by Ball Corporation (Indiana) was submitted on June 17, 2011. The report addresses Item 8.01 (Other Events) regarding the adoption of a stock trading plan by R. David Hoover, Chairman of the Board.
Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The material event reported is the adoption of a Rule 10b5-1 trading plan by the Chairman. This plan allows for the sale of up to 222,000 shares of Company stock to be acquired through the exercise of stock options expiring in April 2012. The filing does not report changes in operational or financial metrics compared to prior periods.
Guidance, Outlook, and Risks
Management commentary indicates the plan is part of Mr. Hoover's long-term asset diversification, tax, and financial planning strategy. Shares will be sold on the open market at prevailing prices subject to minimum price thresholds. The filing includes a standard disclaimer that forward-looking statements are subject to risks and uncertainties, and there is no assurance that any shares will actually be sold under the plan. The Company does not undertake to report future 10b5-1 plans or modifications except as required by law.
Key Facts for Investor Verification
- Chairman R. David Hoover adopted a Rule 10b5-1 trading plan on June 17, 2011.
- The plan covers the potential sale of up to 222,000 shares derived from options expiring in April 2012.
- Actual sales are contingent on market conditions and minimum price thresholds specified in the plan.
- Future transactions under this plan will be reported to the SEC as required by applicable securities laws.