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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 5, 2007
iROBOT CORPORATION
 
(Exact Name of Registrant as Specified in its Charter)
Delaware
 
(State or Other Jurisdiction of Incorporation)
     
000-51598   77-0259335
     
(Commission File Number)   (IRS Employer Identification No.)
     
63 South Avenue, Burlington, Massachusetts   01803
     
(Address of Principal Executive Offices)   (Zip Code)
Registrant’s telephone number, including area code:   (781) 345-0200
     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))
 
 

 


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Item 7.01    Regulation FD Disclosure.
Item 8.01    Other Events.
Item 9.01    Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
EX-99.1 Press Release issued on March 6, 2007


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Item 7.01    Regulation FD Disclosure.
     On March 6, 2007, iRobot Corporation issued a press release, a copy of which is being furnished as Exhibit 99.1 to this Report on Form 8-K.
     The information in this Report on Form 8-K and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 8.01    Other Events.
     On March 5, 2007, Colin Angle, Chief Executive Officer, Helen Greiner, Chairman and Dr. Rodney Brooks, Chief Technology Officer, terminated their written trading plans adopted pursuant to Rule 10b5-1 under the Exchange Act. The effective date of such termination is March 5, 2007.
Item 9.01    Financial Statements and Exhibits.
     
(d)
  Exhibits:
 
   
 
  99.1      Press Release issued by the registrant on March 6, 2007, furnished herewith.

 


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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.
         
  iROBOT CORPORATION
 
 
March 6, 2007  By:   /s/ Glen D. Weinstein    
    Glen D. Weinstein   
    General Counsel and Secretary   

 


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EXHIBIT INDEX
     
Exhibit Number
  Description
 
   
99.1
  Press Release issued by the registrant on March 6, 2007, furnished herewith.

 

exv99w1
 

Exhibit 99.1     
     
Contacts:
   
Parna Sarkar
  Elise Caffrey
Media Relations
  Investor Relations
(781) 418-3135
  (781) 418-3003
psarkar@irobot.com
  ecaffrey@irobot.com
iRobot CEO Exercises Options
Co-founders Terminate 10b5-1 Plan
BURLINGTON, Mass., March 6, 2007 — iRobot Corp. (NASDAQ: IRBT) today announced Chief Executive Officer Colin M. Angle exercised non-qualified stock options to purchase 347,710 shares of iRobot common stock. These non-qualified stock options were granted to Angle in 1997 and were scheduled to expire in June 2007 on the 10th anniversary of the grant. Of the 347,710 shares to be acquired by Angle upon exercise, the company withheld 110,396 shares to satisfy the minimum tax withholding obligation.
For purposes of satisfying the minimum tax withholding amount, the withheld shares of iRobot common stock were valued at $14.39 per share, today’s last reported sale price of iRobot common stock on the Nasdaq Global Market. The company expects Angle to report the withholding of shares in connection with this option exercise on Form 4 as a sale of shares to iRobot. Angle has informed the company that he currently intends to hold the remaining shares of iRobot common stock acquired upon this option exercise indefinitely.
In addition, on March 5, 2007, Colin Angle, co-founder and chief executive officer, Helen Greiner, co-founder and chairman, and Rodney Brooks, co-founder and chief technology officer of iRobot, each terminated his or her previously established Rule 10b5-1 trading plan that permitted the sale of shares of common stock at predetermined levels and specified dates commencing in August 2006.
About iRobot Corp.
iRobot is a provider of robots that perform dull, dirty or dangerous missions in a better way. The company’s proprietary technology, iRobot AWARE Robot Intelligence Systems, incorporates advanced concepts in navigation, mobility, manipulation and artificial intelligence. This proprietary system enables iRobot to build behavior-based robots, including its family of consumer and military robots. For additional information about iRobot, please visit www.irobot.com.