MAKO SURGICAL CORP 8-K 2009
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 27, 2009
MAKO Surgical Corp.
(Exact name of registrant as specified in its charter)
2555 Davie Road
Fort Lauderdale, Florida 33317
(Address of principal executive offices and zip code)
Registrants telephone number, including area code: (954) 927-2044
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:
Item 8.01. Other Events
On May 27, 2009, Maurice R. Ferré, M.D., Chairman, Chief Executive Officer, and President of MAKO Surgical Corp. (the Company), entered into a pre-arranged stock trading plan to sell a portion of his shares of the Companys common stock in accordance with the guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934 and the Companys insider trading policies. Rule 10b5-1 permits an officer or director to enter into a pre-arranged plan for buying or selling Company stock at a time when the officer or director is not in possession of material, nonpublic information about the Company. After adoption of a Rule 10b5-1 plan, the officer or director retains no further discretion in carrying out the trades under the plan, although the officer or director may later amend or terminate the plan. The existence of such a plan allows for personal holdings to be diversified in an orderly fashion from time to time, often as part of a personal financial, tax, or estate planning strategy.
The Rule 10b5-1 plan adopted by Dr. Ferré provides for the sale of up to 100,000 shares of the Companys common stock at specified market prices commencing thirty days after adoption of the plan and continuing until all 100,000 shares are sold or December 31, 2010, whichever occurs first. Any transaction under this plan will be reported to the Securities and Exchange Commission in accordance with applicable securities laws, rules, and regulations.
The Company does not intend to report on Form 8-K any Rule 10b5-1 plans that may be adopted by any other officers or directors. In addition, the Company undertakes no obligation to report any modifications or terminations of any publicly announced trading plan, except to the extent as may be required by law.
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.