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
Date of Report (Date of earliest event reported): 05/31/2007
Ansoft Corporation
(Exact name of registrant as specified in its charter)
Commission File Number: 000-27874
Delaware | | 721001909 |
(State or other jurisdiction of | | (IRS Employer |
incorporation) | | Identification No.) |
225 West Station Square Drive, Suite 200
Pittsburgh, PA 15219
(Address of principal executive offices, including zip code)
412-261-3200
(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:
[ ] 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))
Information to be included in the report
Item 8.01. Other Events
On May 31, 2007, Nicholas Csendes, President and Chief Executive Officer of Ansoft Corporation (the "Company"), Zoltan Cendes, Chairman and Chief Technology Officer of the Company and Thomas A.N. Miller, Chief Financial Officer of the Company, each amended their March 30, 2007 pre-arranged stock trading plans to sell shares of Company common stock already held or to be acquired on the exercise of stock options, at prevailing market prices (but not below predetermined target prices). The amendments were adopted in accordance with the guidelines of Rule 10b5-1 of the Securities and Exchange Act of 1934 and the Company's policy regarding stock transactions by Company insiders. The transactions under these plans will continue to be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission (the "SEC").The amendments to the trading plans are not meant to reflect a lack of confidence in the Company or its future by Mr. Csendes, Dr. Cendes and Mr. Miller, but are for e state planning purposes and to allow each of them to monetize a portion of their equity position in a systematic, nondiscretionary manner with the goal of minimal market impact and compliance with regulations adopted by the SEC.
Under the amended 10b5-1 plans, the predetermined target price for all sales was increased by 20% and each individual may sell up to an additional 300,000 shares of Company common stock already held. The amended trading plans are scheduled to terminate on various dates in December 2007, unless terminated sooner under plan provisions.
Signature(s)
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.
| | | | | | Ansoft Corporation |
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| Date: May 31, 2007 | | | | By: | | /s/ Nicholas Csendes
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| | | | | | | | | Nicholas Csendes |
| | | | | | | | | President and CEO |
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