8-K: Current report filing
Published on December 9, 2019
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
Current Report
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Ball Corporation
Current Report on Form 8-K
Dated December 09, 2019
Item 8.01 |
Other Events. |
On December 06, 2019, Scott C. Morrison, Chief Financial Officer of Ball Corporation (the "Company"), adopted a stock trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Under Rule 10b5-1, directors, officers and other employees who are not in possession of material non-public information may adopt pre-arranged plans or contracts for the sale of Company securities under specified conditions and at specified times. Using 10b5-1 plans, individuals can gradually diversify their investment portfolios, spread stock trades out over an extended period of time to reduce market impact and avoid concerns about transactions occurring at a time when they might possess material non-public information.
Mr. Morrison adopted a 10b5-1 plan as part of his individual tax and financial planning strategy related to the expiration of certain stock-settled appreciation rights ("SSARs"). Specifically, his 10b5-1 plan provides for the exercise of up to a total of 41,200 SSARs scheduled to expire on January 26, 2021 and 90,800 SSARs scheduled to expire on January 25, 2022 pursuant to the parameters set forth in the 10b5-1 plan. Any shares that may be sold by Mr. Morrison would be sold on the open market at prevailing market prices.
Transactions under Mr. Morrison’s plan, if any, will be reported to the Securities and Exchange Commission in accordance with applicable securities laws, rules and regulations.
This current report contains forward-looking statements that are subject to risks and uncertainties, and there can be no assurance that any shares will be sold under Mr. Morrison's plan. Investors should refer to the Company's annual and other periodic reports filed with the Securities and Exchange Commission for a discussion of the risks and uncertainties associated with ownership of the Company's securities. Ball Corporation does not undertake to report Rule 10b5-1 plans that may be adopted by any officers or directors in the future, or to report any modifications or termination of any publicly announced trading plan, except to the extent required by law.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BALL CORPORATION |
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Date: December 09, 2019 |
By: |
/s/ Charles E. Baker |
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Name: |
Charles E. Baker |
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Title: |
Vice President and General Counsel |
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