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):

January 21, 2016 (January 11, 2016)

 

Rite Aid Corporation

(Exact name of registrant as specified in its charter)

 

 

30 Hunter Lane, Camp Hill, Pennsylvania 17011

(Address of principal executive offices, including zip code)

 

(717) 761-2633

(Registrant’s telephone number, including area code)

 

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 (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 January 11, 2016, Douglas E. Donley, Senior Vice President, Chief Accounting Officer of Rite Aid Corporation (the “Company”), entered into a pre-arranged stock trading plan (the “Donley 10b5-1 Plan”) to exercise his options to purchase a limited number of shares of the Company’s common stock, par value $1.00 per share (“Common Stock”), and to sell the shares acquired on exercise for personal financial management purposes.

 

The Donley 10b5-1 Plan allows for the exercise of options to purchase a maximum of 34,106 shares of Common Stock if the Common Stock reaches a specified market price during the period commencing April 11, 2016 and continuing until the options to purchase all 34,106 shares have been exercised and the acquired shares sold, or June 20, 2016, whichever occurs first.  The shares acquired upon exercise will be sold contemporaneously with the exercise.

 

The Donley 10b5-1 Plan was designed to comply with the guidelines specified in Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended, which permit persons to enter into a pre-arranged plan for buying or selling Company stock at a time when such person is not in possession of material, nonpublic information about the Company.  Mr. Donley will continue to be subject to the Company’s stock ownership guidelines, and the sales contemplated by the Donley 10b5-1 Plan will not reduce Mr. Donley’s ownership of Common Stock below the levels required by the guidelines.

 

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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.

 

	RITE AID CORPORATION
Dated:  January 21, 2016	By:	/s/ James J. Comitale
		Name: James J. Comitale
		Title:   Senior Vice President, General Counsel

 

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