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): March
9, 2006
Administaff,
Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
1-13998
|
76-0479645
|
|
(State
or other jurisdiction of
|
(Commission
|
(I.R.S.
Employer
|
|
incorporation)
|
File
Number)
|
Identification
No.)
|
19001
Crescent Springs Drive
Kingwood,
Texas 77339
(Address
of principal executive offices and zip code)
Registrant’s
telephone number, including area code: (281)
358-8986
Item
7.01. Regulation FD Disclosure.
On
March
9, 2006 Administaff, Inc.’s chairman and chief executive officer, Paul J.
Sarvadi, established a new structured, prearranged trading plan to sell
Administaff common stock, including shares issuable upon the exercise of
previously granted stock options, over a designated period in accordance
with
Rule 10b5-1 of the Securities Exchange Act of 1934. Mr. Sarvadi’s former trading
plan expired in October of 2005.
Under
the
new trading plan, Mr. Sarvadi and his wife, and two family limited partnerships
may sell a maximum of 943,301 shares over a two-year period at predetermined
stock prices ranging from $50 to $70. These shares represent approximately
35%
of Mr. Sarvadi’s current common stock and stock option holdings. The plan has
been initiated during the company’s open window for insider
transactions.
Rule
10b5-1 permits the implementation of a written plan for selling stock at
times
when insiders are not in possession of material nonpublic information, and
allows them to sell stock on a regular basis and in a non-discretionary manner,
regardless of any subsequent material nonpublic information they
receive.
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 hereunto
duly authorized.
| |
|
|
| |
ADMINISTAFF,
INC. |
|
|
|
| |
By: |
/s/
John H. Spurgin, II
|
| |
John
H. Spurgin, II
|
| |
Senior
Vice President, Legal,
|
| |
General
Counsel and Secretary
|
Date:
March 9, 2006