-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NMdyUrcAOOobykRo7pZ8zmyEnw08bdpmf7IHAt3mT4tlV7f1E8D9N0Tv0shnI1mj E283JEHqiqVWxao4O3eXgQ== 0000950138-07-000068.txt : 20070131 0000950138-07-000068.hdr.sgml : 20070131 20070131161132 ACCESSION NUMBER: 0000950138-07-000068 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070131 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070131 DATE AS OF CHANGE: 20070131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEMC ELECTRONIC MATERIALS INC CENTRAL INDEX KEY: 0000945436 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 561505767 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13828 FILM NUMBER: 07568284 BUSINESS ADDRESS: STREET 1: 501 PEARL DR CITY: ST PETERS STATE: MO ZIP: 63376 BUSINESS PHONE: 6364745000 MAIL ADDRESS: STREET 1: 501 PEARL DRIVE STREET 2: P. O. BOX 8 CITY: ST. PETERS STATE: M0 ZIP: 63376 8-K 1 form8k.htm

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): January 31, 2007


MEMC Electronic Materials, Inc.
(Exact Name of Registrant as Specified in its Charter)

Delaware
(State or other jurisdiction of
Incorporation)

 

1-13828
(Commission File Number)

 

56-1505767
(I.R.S. Employer
Identification Number)


501 Pearl Drive (City of O'Fallon)
St. Peters, Missouri
(Address of principal executive offices)

 

 


63376
(Zip Code)

 

 

(636) 474-5000
(Registrant's telephone number, including area code)

 

 

Not Applicable
(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 provision (see General Instruction A.2 below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 

Item 8.01.  Other Events.

On January 31, 2007, MEMC Electronic Materials, Inc. (the “Company”) announced that Nabeel Gareeb, Chief Executive Officer, has established a stock trading plan in accordance with the guidelines of Rule 10b5-1 of the Securities Exchange Act and the Company’s policy regarding stock transactions by Company insiders. The transactions under this plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. A copy of the press release announcing the trading plan is furnished as Exhibit 99.1 to this report.

 

Item 9.01.  Exhibits.

(d)

Exhibit No.

Item

99.1

Press release dated January 31, 2007 furnished with this report.

 

 

 

-2-

 


 

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 thereunto duly authorized.

 

 

MEMC ELECTRONIC MATERIALS, INC.

 

 

 

Date:  January 31, 2007

By:

/s/ Kenneth H. Hannah

 

 

Name:  Kenneth H. Hannah
Title:    Senior Vice President and Chief Financial Officer

 

 

-3-

 


 

Exhibit Index

 

Number

Item

99.1

Press release dated January 31, 2007 furnished with this report.

 

 

 

-4-

 

 

EX-99.1 2 exh99-1.htm PRESS RELEASE

Exhibit 99.1

 

MEMC Electronic
Materials, Inc.

 

501 Pearl Drive (City of
O’Fallon)

Post Office Box 8

St. Peters, Missouri 63376
USA

 

Phone:   636-474-5000

Fax:   636-474-5158

www.memc.com

 



For Immediate Release

 



MEMC CEO FILES 10b5-1 PLAN

 

 

St. Peters, MO, Jan 31, 2007 – MEMC Electronic Materials, Inc. (NYSE: WFR) today announced that its Chief Executive Officer, Nabeel Gareeb, has adopted a pre-arranged stock trading plan. The stock trading plan was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934 and MEMC’s policies regarding insider stock transactions.

 

Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. Once the plan is in place, the executive does not retain or exercise any discretion over shares traded under the plan, although the executive may later amend or terminate the plan. The broker administering the plan is authorized to trade company shares in volumes and at times determined independently by the broker, subject to the limitations set forth in the plan. Using these plans, insiders can gradually diversify their investment portfolios, can spread stock trades out over an extended period of time to reduce any market impact and can avoid concerns about whether they had material, non-public information when they sold their stock.

 

As part of an estate plan, Mr. Gareeb established a trust in 2005 and transferred his employee stock options to the trust. Through the trust, under his Rule 10b5-1 plan, Mr. Gareeb’s options may be exercised from time to time and the underlying stock sold at pre-determined price points through 2010.

 

Mr. Gareeb stated, “As part of my estate planning, I had established a 10b5-1 plan in July 2005 through a trust based on the recommendation of my financial advisor as a way of achieving prudent diversification of my concentrated position without causing undue concern in the investment community or the employee base. I terminated that plan in August 2006 to accommodate Section 409A. I am establishing a new 10b5-1 plan for the same reasons as stated above. I am also taking advantage of this open window to directly exercise and sell approximately 10% of my outstanding options as part of my estate diversification plan. I believe that MEMC remains on a positive trajectory as indicated by the results over the last five years, and I am confident about our future as indicated by the long-term nature of this plan.”

 

The transactions under these plans will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.

 

-more-

 


 

About MEMC

MEMC is a global leader in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries. MEMC has been a pioneer in the design and development of wafer technologies over the past four decades. With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells.

 

Contact:

 

Bill Michalek

Director, Investor Relations

MEMC Electronic Materials, Inc.

(636) 474-5443

 

 

 

 

 

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