Document


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): December 8, 2017
 
THE ALLSTATE CORPORATION
(Exact name of registrant as specified in its charter)
 
Delaware
 
1-11840
 
36-3871531
(State or other
 
(Commission
 
(IRS Employer
jurisdiction of
 
File Number)
 
Identification No.)
incorporation)
 
 
 
 
 
2775 Sanders Road, Northbrook, Illinois   60062
(Address of principal executive offices)    (Zip Code)
 
Registrant’s telephone number, including area code: (847) 402-5000
 
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:
 
[   ]                          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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
 
Emerging growth company
____
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ____



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Section 8 – Other Events

Item 8.01. Other Events.

On December 8, 2017, the Registrant entered into an accelerated share repurchase agreement with Morgan Stanley & Co. LLC (“Morgan Stanley”), to purchase $300 million of its outstanding common stock. The majority of the shares to be repurchased under this agreement will be received by the Registrant at the agreement’s inception. It is expected that Morgan Stanley will purchase the shares that it delivers under the agreement in the market no later than February 8, 2018. The final purchase price per share and number of shares to be delivered by Morgan Stanley will be determined at the conclusion of the agreement and settlement will consist of the Registrant receiving shares based on the average of the daily volume weighted average prices of the Registrant’s common stock during the period of Morgan Stanley’s purchases. If the Registrant is required to pay a settlement amount, the Registrant may settle in shares of its common stock or, under certain circumstances, may elect to settle in cash. All of the shares acquired by the Registrant under the agreement will be placed into its treasury.

The agreement is part of the Registrant’s repurchase program totaling $2 billion that was announced on August 1, 2017. Excluding repurchases under this agreement, the Registrant has repurchased 5.1 million common shares in total as of December 8, 2017, for an aggregate amount of $477 million.
























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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.
 
 
 
THE ALLSTATE CORPORATION
 
(Registrant)
 
 
 
 
 
By:
/s/ Daniel G. Gordon
 
Name:
Daniel G. Gordon
 











Title:
Vice President, Assistant General Counsel and Assistant Secretary
 
 

Date: December 11, 2017










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