Unassociated Document
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): May 26, 2009
Administaff,
Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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1-13998
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76-0479645
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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19001
Crescent Springs Drive
Kingwood,
Texas 77339
(Address
of principal executive offices and zip code)
Registrant’s
telephone number, including area code: (281) 358-8986
Item
7.01. Regulation FD Disclosure.
On May
29, 2009, Paul J. Sarvadi, Chairman of the Board and Chief Executive Officer,
established a new structured, prearranged trading plan to sell a portion of his
Administaff common shares and exercise options over a six month period in
accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Mr.
Sarvadi’s most recent trading plan expired in March 2008.
Under the
new trading plan, Mr. Sarvadi may sell a maximum of 380,000 shares, of which
110,000 represent shares to be acquired in connection with the exercise of stock
options, at a weighted average stock price of $32.83. These shares
represent approximately 16% of Mr. Sarvadi’s current common stock and stock
option holdings.
The plans
have been initiated during the company’s open window for insider
transactions.
Rule
10b5-1 permits the implementation of a written plan for selling stock at times
when insiders are not in possession of material nonpublic information, and
allows them to sell stock on a regular basis and in a non-discretionary manner,
regardless of any subsequent material nonpublic information they
receive.
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.
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ADMINISTAFF,
INC.
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By:
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/s/
Daniel D. Herink |
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Daniel
D. Herink
Senior
Vice President of Legal,
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General
Counsel and Secretary
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Date:
May 29, 2009
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