O’REILLY AUTOMOTIVE, INC. (NASDAQ:O) Files An 8-K Other Events

O’REILLY AUTOMOTIVE, INC. (NASDAQ:O) Files An 8-K Other Events

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Item 8.01 Other Events

On November 15, 2016, Tony Bartholomew, Senior Vice President of
Professional Sales of OReilly Automotive, Inc. (the Company),
established a plan in accordance with Rule 10b5-1 of the
Securities Exchange Act of 1934, as amended, for the trading of
the Companys common stock. The plan provides for option exercises
and subsequent sales of specified share amounts at specific
market prices, subject to specified limitations. The plan was
established for the purpose of facilitating the exercise and
subsequent sale of stock options with a ten-year contractual life
that are due to expire no earlier than July of 2018. The plan was
established during the Companys unrestricted trading window and
at a time when Mr. Bartholomew was not in possession of material,
non-public information about the Company. Mr. Bartholomew has
informed the Company that he will publicly disclose, as required
by federal securities laws, any option exercises and stock sales
made under this plan.
On November 16, 2016, the Company issued a press release
announcing that its Board of Directors approved a resolution to
increase the authorization amount under its share repurchase
program by an additional $750 million, raising the aggregate
authorization under the program to $7.75 billion. The text of the
press release is attached hereto as Exhibit 99.1.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
Exhibit Number
Description
99.1
Press Release dated November 16, 2016


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