From an 8-K filed today:
Item 8.01 Other Events.
Finisar Corporation (the “Company”) reported that, on September 27, 2013, Jerry S. Rawls, executive Chairman of the Board of the Company, made a filing with the Securities and Exchange Commission on Form 4 to report the sale of 706,172 shares of the Company’s common stock beneficially owned by Mr. Rawls. All the sales were made in transactions that satisfy the requirements of Rule 144 under the Securities Act of 1933. Following these sales, Mr. Rawls continues to hold outstanding shares, vested and non-vested stock options and unvested restricted stock units representing an aggregate of approximately 900,000 shares of the Company’s common stock. Mr. Rawls has advised the Company that the proceeds of the sales provided funding necessary to satisfy a near-term personal financial commitment. The sales were unrelated to Mr. Rawls’ ongoing role as the Company’s full-time executive Chairman.
SIGNATURES
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.
Date: September 27, 2013 |
