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) August
23, 2006________________
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction
of
Incorporation)
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001-14015
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77-0262908
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(Commission
File Number)
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(IRS
Employer Identification No.)
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3716
East Columbia, Suite 120,
Tucson, Arizona
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85714
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(520)
628-7415
(
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 (see
General
Instruction A.2. below):
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
August
23, 2006, with an effective date of September 1, 2006, Joseph C. Hayden, the
Executive Vice President-Programs and Contracts of Ionatron, Inc. (the
“Company”) and Stephen McCahon, the Company’s Executive Vice
President-Technology, each entered into a Sales Plan with a brokerage firm
under
Rule 10b5-1 of the Securities Exchange Act of 1934. Such plans allow a corporate
insider to gradually diversify holdings of his company’s common stock while
minimizing any market effects of such trades by spreading them out over an
extended period of time and eliminating any market concern that such trades
were
made by a person while in possession of material nonpublic information.
Mr.
Hayden’s 10b5-1 plan provides for the sales of 50,000 shares of the Company’s
common stock per month over a 12 month period up to a maximum of 600,000 shares
with minimum sales prices of $5.00 as to 480,000 of the shares and $8.00 as
to
120,000 of the shares. Mr. McCahon’s 10b5-1 plan provides for the sales of
60,000 shares of the Company’s common stock per month over a ten month period up
to a maximum of 600,000 shares with a minimum sales price of $5.00. All sales
under the 10b5-1 plans are subject to the terms and conditions thereof.
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.
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IONATRON,
INC.
(Registrant)
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By: |
/s/ Kenneth
M. Wallace |
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Name:
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Kenneth M. Wallace |
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Title:
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Chief
Operating Officer and
Chief
Financial Officer
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| Date: August 31, 2006 |
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