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
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| Date of Report (Date of Earliest Event Reported): | | September 5, 2008 |
Aradigm Corporation
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(Exact name of registrant as specified in its charter)
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| California | 0-28402 | 94-3133088 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 3929 Point Eden Way, Hayward, California | | 94545 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | (510) 265-9000 |
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 provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On September 5, 2008, Aradigm Corporation (the "Company") and ComputerShare Trust Company, N.A. entered into an Amended and Restated Rights Agreement (the "Restated Rights Agreement"). The Restated Rights Agreement amends and restates the Company's Rights Agreement, dated as of August 31, 1998 to, among other things, extend the "Final Expiration Date" on which a "Right" may be redeemed to September 8, 2018 and to revise the "Purchase Price" for one one-hundredth of a share of Series A Junior Preferred upon exercise of a "Right" to $9.00.
Item 3.03 Material Modifications to Rights of Security Holders.
Reference is made to the disclousre in Item 1.01.
The foregoing is a summary description of the terms and conditions of the agreement. It is qualified in its entirety by reference to the Agreement.
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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| | | Aradigm Corporation |
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| September 9, 2008 | | By: | | D. Jeffery Grimes
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| | | | | Name: D. Jeffery Grimes |
| | | | | Title: Vice President, Legal Affairs, General Counsel and Secretary |
