UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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)
August 12,
2010
(Exact
Name of Registrant as Specified in Its Charter)
(State or
Other Jurisdiction of Incorporation)
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001-14015
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77-0262908
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(Commission
File Number)
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(IRS Employer
Identification No.)
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3590
East Columbia Street, Tucson, Arizona
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85714
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(Address of
Principal Executive Offices)
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(Zip
Code)
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(Registrant’s
Telephone Number, Including Area Code)
(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 provisions (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))
On August
12, 2010, with a start date of December 1, 2010, Joseph C. Hayden, the Chief
Operating Officer of Applied Energetics, Inc. (the “Company”), entered into a
Sales Plan with a brokerage firm under Rule 10b5-1 of the Securities Exchange
Act of 1934. Such plans allow a corporate insider to gradually
diversify holdings of his company’s common stock while minimizing any market
effects of such trades by spreading them out over an extended period of time and
eliminating any market concern that such trades were made by a person while in
possession of material nonpublic information.
Mr.
Hayden’s 10b-5-1 plan provides for sales up to a maximum of 500,000 shares of
the Company’s common stock over a 12-month period beginning on December 1, 2010,
with a minimum sales prices of $2.00 as to 300,000 of the shares, $3.00 as to an
additional 100,000 shares and $4.00 as to an additional 100,000 shares, and
commencing as to 125,000 share on each of December 1, 2010, March 1, 2011, June
1, 2011 and September 1, 2011. All sales under the 10b5-1 plans are
subject to the terms and conditions thereof. Under the plan, Mr.
Hayden represented and agreed not to make any other open market sales of the
Company’s common stock until the plan terminates.
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.
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APPLIED ENERGETICS, INC.
(Registrant)
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By:
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/s/ Humberto
Astorga |
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Humberto
Astorga |
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Chief
Financial Officer
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Date: August
12, 2010