8-K: Current report filing
Published on December 8, 2020
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
Current Report
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Ball Corporation
Current Report on Form 8-K
Dated December 8, 2020
Item 8.01 |
Other Events. |
On December 04, 2020, Scott C. Morrison, Chief Financial Officer of Ball Corporation (the "Company"), adopted two stock trading plans 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 the 10b5‑1 plans 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 plans provide for the exercise and sale of up to a total of 84,400 SSARs scheduled to expire on January 30, 2023 pursuant to the parameters set forth in the 10b5‑1 plans. 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.
BALL CORPORATION |
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(Registrant) |
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By: |
/s/ Charles E. Baker |
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Name: Charles E. Baker |
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Title: Vice President, General Counsel and Corporate Secretary |
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Date: December 8, 2020