November 11
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): November 18, 2011
TIGERLOGIC CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware | | 000-16449 | | 94-3046892 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I. R. S. Employer Identification No.) |
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25A Technology Drive Irvine, CA 92618 |
(Address of principal executive offices, Zip Code) |
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Registrant's telephone number, including area code: (949) 442-4400 |
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N/A |
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On November 18, 2011, Philip Barrett, a member of the Board of Directors of TigerLogic Corporation (the “Company”), amended his previously adopted pre-arranged trading plan (the “Plan”) designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and the Company's 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 and avoid concerns about transactions occurring at a time when they might possess material non-public information.
Mr. Barrett's previously adopted Plan provided for the sale of up to 36,000 shares of the Company's common stock held by Mr. Barrett's family trust in twelve equal installments of 3,000 shares each on the 10th day of each month beginning in January 2011 through the Plan's expiration date of December 10, 2011. The amendment extends the term of the Plan through April 2012, increases the monthly installments of shares to be sold, beginning in January 2012, from 3,000 shares per month to 4,000 shares per month, and changes the trade date to the 8th of each month (or the next business day, if such date falls on a weekend or a holiday). The amended Plan will expire in April 2012 upon completion of the final trade on April 9, 2012. Under the Plan as amended, the shares will continue to be sold on the open market at prevailing market prices. All sales pursuant to the Plan will continue to be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.
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 thereunto duly authorized.
TIGERLOGIC CORPORATION
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Dated: November 18, 2011 | By: | /s/ Thomas Lim |
| | Thomas Lim |
| | Chief Financial Officer |