6-K 1 c109481.htm 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________

FORM 6-K

________________

 

REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

February 3, 2014

________________

 

        NOVO NORDISK A/S       
(Exact name of Registrant as specified in its charter)

Novo Allé
DK- 2880, Bagsvaerd
Denmark
(Address of principal executive offices)

________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

Form 20-F [X]           Form 40-F [  ]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [  ]            No [X]

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g-32(b):82-_____________________

 
 

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Trading in Novo Nordisk shares by board members, executives and associated persons on 30 January 2014 and on 31 January 2014

Bagsværd, Denmark, 3 February 2014 In accordance with Section 28a of the Danish Securities Trading Act, the company’s board members and executives have given Novo Nordisk power of attorney on their behalf to publish trading in Novo Nordisk shares by the company’s board members, executives and their associated persons as reported by those persons to Novo Nordisk.

Below reflects the stock split of the Novo Nordisk B shares and ADRs which was implemented in January 2014. Following the five-for-one ratio split, Novo Nordisk’s B shares are calculated in units of DKK 0.20. The ratio of Novo Nordisk’s B shares to ADRs remains 1:1.

As from 2004, members of Novo Nordisk's Executive Management and other members of the Senior Management Board have participated in a long-term share-based incentive programme where a proportion of the calculated shareholder value creation has been allocated to a joint pool for the participants. For 2010, 842,880 shares were allocated to the joint pool and the market value of the scheme was expensed in the accounts for 2010. In accordance with the principles of the programme, the Board of Directors of Novo Nordisk A/S on 29 January 2014 evaluated that the conditions for release of the joint pool of shares have been fulfilled.

Accordingly, the shares in the joint pool were transferred to 28 current and former members of senior management on 30 January 2014.

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014

 

 

 
 

 

Page 2 of 13

 

Name Lars Rebien Sørensen
Reason for reporting Chief Executive Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction

Other transaction (transfer of shares in

accordance with long-term incentive

programme)

Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 75,085 shares
Total value of transaction

0 (transferred in accordance with the

long-term incentive programme for

2010)

 

 

Name Lars Rebien Sørensen
Reason for reporting Chief Executive Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Sale of shares
Date of transaction 31 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 45,085 shares
Total value of transaction DKK 9,584,620

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014

 

 

 

 
 

 

 

Page 3 of 13

 

Name Kåre Schultz
Reason for reporting President and Chief Operating Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction

Other transaction (transfer of shares in

accordance with long-term incentive

programme)

Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 49,990 shares
Total value of transaction

0 (transferred in accordance with the

long-term incentive programme for

2010)

 

 

Name Kåre Schultz
Reason for reporting President and Chief Operating Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Sale of shares
Date of transaction 31 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 39,990 shares
Total value of transaction DKK 8,501,474

 

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014

 

 
 

 

Page 4 of 13

 

Name Jesper Brandgaard
Reason for reporting Chief Financial Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction

Other transaction (transfer of shares in

accordance with long-term incentive

programme)

Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 49,990 shares
Total value of transaction

0 (transferred in accordance with the

long-term incentive programme for

2010)

 

 

Name Jesper Brandgaard
Reason for reporting Chief Financial Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Sale of shares
Date of transaction 31 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 40,000 shares
Total value of transaction DKK 8,503,600

 

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014
 
 

 

Page 5 of 13

 

Name Lars Fruergaard Jørgensen
Reason for reporting Chief Information Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction

Other transaction (transfer of shares in

accordance with long-term incentive

programme)

Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 24,995 shares
Total value of transaction

0 (transferred in accordance with the

long-term incentive programme for

2010)

 

 

Name Lars Fruergaard Jørgensen
Reason for reporting Chief Information Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Sale of shares
Date of transaction 31 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 20,000 shares
Total value of transaction DKK 4,251,800

 

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014

 

 
 

 

Page 6 of 13

 

Name Lise Kingo
Reason for reporting Chief Staff Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction

Other transaction (transfer of shares in

accordance with long-term incentive

programme)

Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 49,990 shares
Total value of transaction

0 (transferred in accordance with the

long-term incentive programme for

2010)

 

 

Name Lise Kingo
Reason for reporting Chief Staff Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Sale of shares
Date of transaction 31 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 45,000 shares
Total value of transaction DKK 9,566,550

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014

 

 
 

 

Page 7 of 13

 

Name Jakob Riis
Reason for reporting Executive Vice President
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction

Other transaction (transfer of shares in

accordance with long-term incentive

programme)

Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 24,995 shares
Total value of transaction

0 (transferred in accordance with the

long-term incentive programme for

2010)

 

 

Name Jakob Riis
Reason for reporting Executive Vice President
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Sale of shares
Date of transaction 31 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 5,000 shares
Total value of transaction DKK 1,062,950

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014

 

 
 

 

Page 8 of 13

 

Name Mads Krogsgaard Thomsen
Reason for reporting Chief Science Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction

Other transaction (transfer of shares in

accordance with long-term incentive

programme)

Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 49,990 shares
Total value of transaction

0 (transferred in accordance with the

long-term incentive programme for

2010)

 

 

Name Mads Krogsgaard Thomsen
Reason for reporting Chief Science Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Sale of shares
Date of transaction 31 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 32,000 shares
Total value of transaction DKK 6,802,880

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014

 

 
 

 

Page 9 of 13

 

Below please find other trading in shares issued by Novo Nordisk.

 

Name Lotte Frost Jørgensen
Reason for reporting

Associated to a member of Executive

Management, Lars Fruergaard

Jørgensen

Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Sale of shares
Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 2,500 shares
Total value of transaction DKK 511,750

 

 

Name Lotte Frost Holding ApS
Reason for reporting

Associated to a member of Executive

Management, Lars Fruergaard

Jørgensen

Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Purchase of shares
Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 2,500 shares
Total value of transaction DKK 511,750

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014
 
 

 

 

Page 10 of 13

 

Name Mads Krogsgaard Thomsen
Reason for reporting Chief Science Officer
Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Donation of shares (gift)
Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 885 shares
Total value of transaction DKK 177,177

 

 

Name Sebastian Krogsgaard Thomsen
Reason for reporting

Associated to a member of Executive

Management, Mads Krogsgaard

Thomsen

Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Receipt of shares (gift)
Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 295 shares
Total value of transaction DKK 59,059

 

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014

 

 
 

 

Page 11 of 13

 

Name Signe Krogsgaard Thomsen
Reason for reporting

Associated to a member of Executive

Management, Mads Krogsgaard

Thomsen

Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Receipt of shares (gift)
Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 295 shares
Total value of transaction DKK 59,059

 

 

Name Søren Sloth Thomsen
Reason for reporting

Associated to a member of Executive

Management, Mads Krogsgaard

Thomsen

Financial instrument and ID code Novo Nordisk B DK0060534915
Type of transaction Receipt of shares (gift)
Date of transaction 30 January 2014
Place of transaction NASDAQ OMX Copenhagen
Volume of transaction 295 shares
Total value of transaction DKK 59,059

 

 

Definitions and background information:

Publication

Publication shall take place no later than two working days after the trading by board members or executives or notification of trading by associated persons. Publication is only required when the total amount of transactions of a specific board member/executive and his/her associated persons in any one calendar year has reached 5,000 euros.

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014
 
 

 

Page 12 of 13

 

Who are board members, executives and associated persons?

Board members and executives are members of the Board of Directors and Executive Management, respectively, of Novo Nordisk A/S. Associated persons are defined as the following persons associated to a board member/executive: 1) spouse or cohabitant, 2) children under the age of 18 years, 3) relatives defined as brothers, sisters, parents, grandparents etc, children, grandchildren etc who have shared the same household with a board member/executive for at least one year, and 4) any legal person, including a company, a foundation or a partnership, which is controlled directly or indirectly by a board member/executive and/or a person mentioned in 1)–3), or to which a board member/executive and/or a person mentioned in 1)–3) has managerial responsibilities or economic interests substantially equivalent to the legal person.

What is trading/transaction?

Trading is any kind of transaction, including shares purchased or otherwise acquired, shares sold or otherwise disposed, gifts, mortgages and grants and exercise of options, but not heritage.

What is financial instrument and ID code?

Financial instrument includes shares listed on the NASDAQ OMX Copenhagen and ADRs listed on New York Stock Exchange, except for ADRs held in 401(k) retirement plan by US-based employees. The ID code is the code (ISIN DK0060534915) of the Novo Nordisk share on the NASDAQ OMX Copenhagen or the code (NVO) on New York Stock Exchange.

What is date and place of transaction?

Date of transaction is the actual transaction date. The place of transaction is the actual place of transaction, ie NASDAQ OMX Copenhagen or New York Stock Exchange.

What is volume and value of transaction?

The volume of transaction is the number of shares (of DKK 0.20 nominal value) or other financial instruments traded. The transaction value is the number of shares traded multiplied by the transaction price. The exchange rate of the Danish Central Bank (Nationalbanken) on the date of transaction is used for calculating the transaction value in DKK in case of ADRs listed on New York Stock Exchange.

 

Novo Nordisk is a global healthcare company with 90 years of innovation and leadership in diabetes care. The company also has leading positions within haemophilia care, growth hormone therapy and hormone replacement therapy. Headquartered in Denmark, Novo Nordisk employs approximately 38,000 employees in 75 countries, and markets its products in more than 180 countries. Novo Nordisk’s B shares are listed on NASDAQ OMX Copenhagen (Novo-B). Its ADRs are listed on the New York Stock Exchange (NVO). For more information, visit novonordisk.com.

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014

 

 

 
 

 

Page 13 of 13

 

Further information    
Media:    
Anne Margrethe Hauge +45 4442 3450 amhg@novonordisk.com
Ken Inchausti (US) +1 609 514 8316 kiau@novonordisk.com
     
Investors:    
Kasper Roseeuw Poulsen +45 3079 4303 krop@novonordisk.com
Frank Daniel Mersebach +45 3079 0604 fdni@novonordisk.com
Lars Borup Jacobsen +45 3075 3479 lbpj@novonordisk.com
Daniel Bohsen +45 3079 6376 dabo@novonordisk.com
Jannick Lindegaard (US) +1 609 235 8567 jlis@novonordisk.com

 

 

 

 

 

Novo Nordisk A/S Novo Allé Telephone: Internet:
Investor Relations 2880 Bagsværd +45 4444 8888 www.novonordisk.com
  Denmark   CVR no:
      24 25 67 90
       
    Company announcement No 06 / 2014

 

 
 

 

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 of the undersigned, thereunto duly authorized.

Date: February 3, 2014

NOVO NORDISK A/S

Lars Rebien Sørensen,

President and Chief Executive Officer