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): January 15, 2008
BLUE COAT SYSTEMS, INC.
(Exact Name of Registrant as Specified in its Charter)
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| Delaware | | 000-28139 | | 91-1715963 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
420 North Mary Avenue
Sunnyvale, California 94085
(408) 220-2200
(Addresses, including zip code, and telephone numbers, including area code, of principal executive offices)
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):
| ¨ | 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)) |
On January 15, 2008, Betsy E. Bayha, Senior Vice President, General Counsel and Secretary of Blue Coat Systems, Inc. (the “Company”) entered into a written sales plan intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934 (a “10b5-1 Plan”). Ms. Bayha’s 10b5-1 Plan provides for the sale of up to 22,000 shares of the Company’s common stock, which have been or will be acquired on exercise of stock options and/or vesting of restricted stock awards, between March 15, 2008 and January 15, 2009. Shares will be sold on the open market at prevailing prices and, in the case of shares acquired from option exercises, will be subject to minimum price thresholds. No sales may be made under the 10b5-1 Plan prior to March 15, 2008.
On January 15, 2008, Kevin T. Biggs, Senior Vice President, Worldwide Sales of the Company entered into a 10b5-1 Plan. Mr. Biggs’ 10b5-1 Plan provides for the sale of up to 28,396 shares of the Company’s common stock, which have been or will be acquired on exercise of stock options and/or vesting of restricted stock awards, between March 15, 2008 and January 15, 2009. Shares will be sold on the open market at prevailing prices and will be subject to minimum price thresholds. No sales may be made under the 10b5-1 Plan prior to March 15, 2008.
On January 15, 2008, Bethany Mayer, Senior Vice President, Worldwide Marketing of the Company entered into a 10b5-1 Plan. Ms. Mayer’s 10b5-1 Plan provides for the sale of up to 1,300 shares of the Company’s common stock, which have been or will be acquired on vesting of restricted stock awards, between June 15, 2008 and June 30, 2009. Shares will be sold on the open market at prevailing prices. No sales may be made under the 10b5-1 Plan prior to March 15, 2008.
On January 15, 2008, James A. Barth, a member of the Company’s Board of Directors, entered into a 10b5-1 Plan. Mr. Barth’s
10b5-1 Plan provides for the sale of up to 60,000 shares of the Company’s common stock, which have been or will be acquired on exercise of stock options, between March 17, 2008 and February 15, 2009. Shares will be sold on the open market at prevailing prices and will be subject to minimum price thresholds. No sales may be made under the 10b5-1 Plan prior to March 15, 2008.
The Company does not undertake to report 10b5-1 Plans that may be adopted by any officer, director or other employee of the Company in the future, or to report any amendment or termination of any publicly announced 10b5-1 Plan, except to the extent required by law.
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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| | | | BLUE COAT SYSTEMS, INC. |
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| DATE: January 16, 2008 | | | | By: | | /s/ Kevin S. Royal |
| | | | | | | | Kevin S. Royal |
| | | | | | | | Chief Financial Officer (Principal Financial and Accounting Officer) |
