Unassociated Document
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)
June
11, 2007
IONATRON,
INC.
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
(State
or
Other Jurisdiction of
Incorporation)
|
001-14015
|
77-0262908
|
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
| |
|
| |
|
|
3716
East Columbia,
Suite 120, Tucson, Arizona
|
85714
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(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
June
11, 2007, with a start date of October 1, 2007, Joseph C. Hayden, the Executive
Vice President-Programs of Ionatron Inc. (the “Company”), and Stephen McCahon,
the Company’s Executive Vice President-Engineering, 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.
Each
of
Mr. Hayden’s and Mr. McCahon’s 10b-5-1 plan provides for the sales of 800,000
shares of the Company’s common stock per calendar quarter over a 12-month period
beginning on October 1, 2007; up to a maximum of 800,000 shares with a minimum
sales prices of $5.00 as to 600,000 of the shares, $7.00 as to 100,000 of the
shares and $10.00 as to 100,000 of the shares. All sales under the 10b5-1 plans
are subject to the terms and conditions thereof. Under their respective plans,
each of Messrs. Hayden and McCahon represented and agreed not to make any other
open market sales of the Company’s common stock until the plan
terminates.
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.
| |
IONATRON,
INC.
|
| |
(Registrant)
|
| |
|
| |
By:
/s/ Kenneth M.
Wallace
|
| |
Name: Kenneth M. Wallace
|
| |
Title: Chief Financial
Officer
|
Date:
June 11, 2007