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): August 15, 2002
Paxar Corporation
(Exact name of registrant as specified in its charter)
New York 0-5610 13-5670050
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(State or Other Jurisdiction (Commission File Number) (IRS Employer Ident. No.)
of Incorporation)
105 Corporate Park Drive, White Plains, New York 10604
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(Address of Principal Executive Offices) (ZipCode)
(914) 697-6800
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Registrant's telephone number, including area code
Item 9. Regulation FD Disclosure.
In accordance with the right of first refusal provisions of the Stock
Repurchase Agreement, dated July 11, 2001, between us and Arthur Hershaft, our
Chairman, Mr. Hershaft offered to sell us 394,420 shares of our common stock on
August 15, 2002. The terms of such offer to sell were the same as those
offered by an unaffiliated third-party buyer under a proposed prepaid forward
contract. We waived our right to purchase the shares on those terms. Under
the Agreement, Mr. Hershaft had the right to sell the shares on terms no more
favorable to the buyer for a period of 10 business days. On August 16, 2002,
Mr. Hershaft entered into a prepaid forward contract with such third-party
buyer to deliver such shares in accordance with the same terms as those of the
prepaid forward contract offered to us.
SIGNATURE
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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 thereunto duly authorized.
PAXAR CORPORATION
(Registrant)
Date: August 21, 2002 By: /s/ Jack R. Plaxe
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Jack R.Plaxe
Senior Vice President and
Chief Financial Officer