Cisco Systems 8-K 2010
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 11, 2010
CISCO SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Registrants 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:
Compensatory Arrangements of Certain Officers
On February 15, 2010, Cisco Systems, Inc. (Cisco) amended and restated the International Assignment Agreement with Wim Elfrink (the Original Agreement), Ciscos Executive Vice President, Cisco Services and Chief Globalisation Officer, to extend the term of the Original Agreement for up to an additional three years from January 3, 2010, which was the anticipated ending date of Mr. Elfrinks international assignment under the Original Agreement.
The foregoing description of the Amended and Restated International Assignment Agreement is qualified in its entirety by reference to the Amended and Restated International Assignment Agreement, a copy of which is filed as Exhibit 10.1.
On February 11, 2010, Robert W. Lloyd, Executive Vice President, Worldwide Operations of Cisco, adopted a pre-arranged stock trading plan to exercise Cisco stock options and sell the acquired shares of Cisco stock, and also to sell shares acquired upon vesting of restricted stock units. Under the plan, Mr. Lloyd may sell up to 1,052,021 shares of Cisco stock. The plan is scheduled to terminate in December 2011. The transactions under the plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. The plan was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and Ciscos policies regarding stock transactions.
Rule 10b5-1 permits individuals who are not in possession of material, non-public information at the time the plan is adopted to establish pre-arranged plans to buy or sell company stock. Using these plans, individuals can prudently and gradually diversify their investment portfolios over an extended period of time.
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.