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): August 27, 2007
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 |
(State or Other Jurisdiction of
Incorporation)
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(Commission File
Number)
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(I.R.S. Employer Identification
Number) |
4545 Towne Centre Court, 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)) |
TABLE OF CONTENTS
Item 8.01 Other Events
Between August 27, 2007 and September 14, 2007, 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 in accordance with the guidelines specified by the Securities and Exchange
Commissions Rule 10b5-1 under the Securities Exchange Act of 1934: Alexis V. Lukianov, NuVasives
Chairman and Chief Executive Officer; Keith Valentine, NuVasives President and Chief Operating
Officer; Kevin C. OBoyle, NuVasives Executive Vice President and Chief Financial Officer; Patrick
Miles, NuVasives Executive Vice President, Marketing and Development; and Jeff Rydin, NuVasives
Senior Vice President, 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. Lukianov on September 7, 2007, the sale of zero
up to 240,000 shares (depending on pre-determined price criteria) of NuVasives common stock
currently held by him or issuable upon the exercise of stock options may occur. Pursuant to the
stock trading plan adopted by Mr. Valentine on September 14, 2007, the sale of zero up to 120,000
shares of NuVasives common stock (depending on pre-determined price criteria) currently held by
him or issuable upon the exercise of stock options may occur. Pursuant to the stock trading plan
adopted by Mr. OBoyle on September 14, 2007, the sale of zero up to 54,000 shares of NuVasives
common stock (depending on pre-determined price criteria) currently issuable upon
the exercise of stock options may occur. Pursuant to the stock trading plan adopted by Mr. Miles
on September 14, 2007, the sale of zero up to 60,000 shares of NuVasives common stock (depending
on pre-determined price criteria) currently held by him or issuable upon the exercise of stock
options may occur. Pursuant to the stock trading plan adopted by Mr. Rydin on August 27, 2007, the
sale of zero up to 24,000 shares of NuVasives common stock (depending on pre-determined price
criteria) currently issuable upon the exercise of stock options may occur.
Under each of these plans, the plans agent will undertake to sell specified numbers of shares each
month if the stock trades above certain 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 Mr. Rydins plan will take effect in November 2007, sales under
Mr. OBoyles plan will take effect in January 2008, and sales under each of the other plans will
take effect in December 2007 upon the expiration of existing Rule 10b5-1 trading plans. Mr. Miles
plan will continue for six months, Mr. OBoyles plan
will continue for eleven months and all other
plans will continue for one year.
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