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): May 16,
2008
COMMSCOPE,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other jurisdiction of
incorporation)
|
1-12929
(Commission File
Number)
|
36-4135495
(I.R.S.
Employer
Identification
Number)
|
|
1100
CommScope Place, SE
P.O.
Box 339
Hickory,
North Carolina 28602
(Address
of principal executive offices)
|
|
Registrant’s
telephone number, including area code: (828)
324-2200
Item
7.01. Regulation FD
Disclosure.
CommScope,
Inc. (“CommScope”) permits its directors and officers to enter into stock
trading plans with respect to CommScope common stock which are intended to
qualify for the safe harbor under Rule 10b5-1 under the Securities Exchange Act
of 1934, as amended (“Rule 10b5-1”), provided that such plans comply with
CommScope’s applicable guidelines and insider trading policies.
On May
16, 2008, Frank M. Drendel, Chairman and Chief Executive Officer, of CommScope,
entered into a stock trading plan, intended to qualify for the safe harbor under
Rule 10b5-1. Under the plan, Mr. Drendel authorized the sale of up to
176,300 shares of CommScope common stock owned by Mr. Drendel, all of which are
issuable upon the exercise of stock options. Under the plan, Mr.
Drendel also authorized the sale of up to 67,800 shares of CommScope common
stock payable to Mr. Drendel on December 14, 2008 upon the vesting of his
performance share awards. The performance goals to which these
performance share awards have been granted have already been
satisfied. The plan provides for sales of up to specified numbers of
shares within specified price ranges, subject to certain
limitations. Sales pursuant to this plan may occur from June 16, 2008
through July 14, 2009 and are intended to be disclosed publicly through Form 144
and Form 4 filings with the Securities and Exchange Commission as
required.
On May
16, 2008, Jearld L. Leonhardt, Executive Vice President and Chief Financial
Officer, of CommScope, entered into a stock trading plan, intended to qualify
for the safe harbor under Rule 10b5-1. Under the plan, Mr. Leonhardt
authorized the sale of up to 61,200 shares of CommScope common stock owned by
Mr. Leonhardt, all of which are issuable upon the exercise of stock
options. Under the plan, Mr. Leonhardt also authorized the sale of up
to 14,700 shares of CommScope common stock payable to Mr. Leonhardt on December
14, 2008 upon the vesting of his performance share awards. The
performance goals to which these performance share awards have been granted have
already been satisfied. The plan provides for sales of up to
specified numbers of shares within specified price ranges, subject to certain
limitations. Sales pursuant to this plan may occur from June 16, 2008
through February 27, 2009 and are intended to be disclosed publicly through Form
144 and Form 4 filings with the Securities and Exchange Commission as
required.
Except as
may be required by law, CommScope does not undertake to report future stock
trading plans by its officers or directors, nor to report modifications,
terminations, transactions or other activities under the stock trading plans of
Messrs. Drendel and Leonhardt or of any other officer or director.