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): October 11, 2011 (September 15, 2011)

 

 

OVERLAND STORAGE, INC.

(Exact name of registrant as specified in its charter)

 

 

 

California   000-22071   95-3535285

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

9112 Spectrum Center Boulevard, San Diego, California 92123

(Address of principal executive offices, including zip code)

(858) 571-5555

(Registrant’s telephone number, including area code)

Not Applicable

(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):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ 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 September 15, 2011, Eric L. Kelly, the President and Chief Executive Officer of Overland Storage, Inc. (the “Company”), Kurt L. Kalbfleisch, the Company’s Vice President of Finance and Chief Financial Officer, Jillian Mansolf, the Company’s Vice President of Worldwide Sales and Marketing, and Scott McClendon, the Chairman of the Company’s Board of Directors, each entered into a Rule 10b5-1 Sales Plan (each, a “Sales Plan”), for the primary purpose of covering tax obligations associated with the vesting of certain restricted stock unit awards granted to such individuals.

Each of the Sales Plans is intended to satisfy the requirements of Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended. Rule 10b5-1 permits individuals who are not in possession of material, non-public information at the time the plan is adopted to establish pre-arranged plans to buy or sell company stock.

Transactions under the Sales Plans will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission, to the extent required by law.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

    OVERLAND STORAGE, INC.

Date: October 11, 2011

   

         /s/ Kurt. L. Kalbfleisch

    By:   Kurt. L. Kalbfleisch
      Vice President, Finance and Chief Financial Officer