<HTML>
<HEAD>
<TITLE> FLIR SYSTEMS INC</TITLE>
<META NAME="footerid1" CONTENT="342187/1/GES/050581-0000">
</HEAD>
<BODY>
<B><FONT SIZE=5><P ALIGN="CENTER">UNITED STATES</P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION </P>
</B></FONT><FONT SIZE=2><P ALIGN="CENTER">Washington, D.C. 20549</P>
<P ALIGN="CENTER"></P>
</FONT><B><FONT SIZE=5><P ALIGN="CENTER">FORM 8-K</P>
</B></FONT><FONT SIZE=2><P ALIGN="CENTER"></P>
</FONT><B><FONT SIZE=4><P ALIGN="CENTER">CURRENT REPORT </P>
</B></FONT><FONT SIZE=2><P ALIGN="CENTER"></P>
</FONT><B><P ALIGN="CENTER">PURSUANT TO SECTION 13 OR 15(d) </P>
<P ALIGN="CENTER">OF THE SECURITIES EXCHANGE ACT OF 1934 </P>
</B><FONT SIZE=2><P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">Date of Report (Date of earliest event reported): May 10, 2007</P>
</B><P ALIGN="CENTER"></P>
</FONT><B><FONT SIZE=6><P ALIGN="CENTER">FLIR Systems, Inc. </P>
</B></FONT><FONT SIZE=1><P ALIGN="CENTER">(Exact name of Registrant as specified in its charter) </P>
</FONT><FONT SIZE=2><P ALIGN="CENTER"></P>
<P>&nbsp;</P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=577>
<TR><TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Oregon </B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">0-21918 </B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">93-0708501 </B></FONT></TD>
<TD WIDTH="0%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">(State or other jurisdiction of </P>
<P ALIGN="CENTER">incorporation or organization) </FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">(Commission </P>
<P ALIGN="CENTER">File Number) </FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">(I.R.S. Employer </P>
<P ALIGN="CENTER">Identification No.) </FONT></TD>
<TD WIDTH="0%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>
</CENTER></P>
<FONT SIZE=2>
<P>&nbsp;</P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=381>
<TR><TD WIDTH="82%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">27700A SW Parkway Avenue, Wilsonville, Oregon </B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp; </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">97070 </B></FONT></TD>
<TD WIDTH="0%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="82%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">(Address of principal executive offices) </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp; </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">(Zip Code) </FONT></TD>
<TD WIDTH="0%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>
</CENTER></P>
<FONT SIZE=2>
<B><P ALIGN="CENTER">(503) 498-3547 </P>
</B></FONT><FONT SIZE=1><P ALIGN="CENTER">(Registrant's telephone number, including area code) </P>
</FONT><FONT SIZE=2>
<P>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:</P>
<P>[&nbsp;&nbsp;] Written communications pursuant to Rule 425 under the Securities Act (<A NAME="OSECE2:265.2-1">17 CFR 230.425</A>)</P>
<P>[&nbsp;&nbsp;] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (<A NAME="OSECE2:265.3-1">17 CFR 240.14a-12</A>)</P>
<P>[&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (<A NAME="OSECE2:265.4-1">17 CFR 240.14d-2(b)</A>)</P>
<P>[&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (<A NAME="OSECE2:265.5-1">17 CFR 240.13e-4(c)</A>)</P>
<P>&nbsp;</P>
<B><P><A NAME="fis_entry_material_agreement"></A>Item&nbsp;8.01   OTHER EVENTS </P>
</B>
<U><P>Adoption of 10b5-1 Trading Plans</U>.  The US-based named executive officers of FLIR Systems, Inc. (the &quot;Company&quot;) have entered into stock trading plans intended to comply with Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended.  Previously, by Company policy, named executive officers were limited to one trading period per calendar year.  Under the terms of the respective trading plans, the officers will sell shares of the Company's common stock either acquired through the exercise of currently unexercised stock options or shares previously acquired.  The trading plans specify the time and the maximum number of shares to be sold, subject to certain limit prices.  The number of shares subject to each trading plan and the duration of each such plan for each of the officers is as set forth below.<A NAME="fis_unidentified_table_2"></A></P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=647>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="22%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Maximum Number of</B></FONT></TD>
<TD WIDTH="42%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Duration of</B></FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<B><U><FONT SIZE=2><P>Name</B></U></FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<B><U><FONT SIZE=2><P ALIGN="CENTER">Shares to be Sold</P>
<P ALIGN="CENTER"></B></U></FONT></TD>
<TD WIDTH="42%" VALIGN="TOP">
<B><U><FONT SIZE=2><P ALIGN="CENTER">Trading Plan</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<FONT SIZE=2><P>Earl R. Lewis</P>
<P>President and Chief Executive Officer </P>
</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=2><P>754,680</FONT></TD>
<TD WIDTH="42%" VALIGN="TOP">
<FONT SIZE=2><P>May 14, 2007 through May 9, 2008</FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<FONT SIZE=2><P>Stephen M. Bailey</P>
<P>Senior Vice President Finance and Chief Financial Officer </P>
</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=2><P>50,000</FONT></TD>
<TD WIDTH="42%" VALIGN="TOP">
<FONT SIZE=2><P>May 15, 2007 through August 31, 2007</FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<FONT SIZE=2><P>William A. Sundermeier</P>
<P>President, Commercial Vision Systems Division</P>
</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=2><P>50,670</FONT></TD>
<TD WIDTH="42%" VALIGN="TOP">
<FONT SIZE=2><P>May 15, 2007 through November 30, 2007</FONT></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<FONT SIZE=2><P>Andrew C. Teich</P>
<P>President, Government Systems Division</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=2><P>62,884</FONT></TD>
<TD WIDTH="42%" VALIGN="TOP">
<FONT SIZE=2><P>May 14, 2007 through August 31, 2007</FONT></TD>
</TR>
</TABLE>
<FONT SIZE=2>
</FONT><FONT SIZE=1><P>&nbsp;</P>
</FONT><FONT SIZE=2><P>All sales by the officers under the trading plans will be disclosed publicly through appropriate filings with the Securities and Exchange Commission.</P>
<P>The Company's non US-based executive officer, Arne Almerfors, has also announced his intention to exercise options and sell up to 70,000 shares of the Company's common stock in the open trading window following the Company's earnings release for its fiscal quarter ending June 30, 2007.</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="CENTER"><A NAME="fis_signatures"></A>SIGNATURE </P>
</B><P ALIGN="CENTER"></P>
<P>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 on May 10, 2007. </P>
<P>&nbsp;</P>
<P ALIGN="RIGHT">&nbsp;</P></FONT>
<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 WIDTH=308>
<TR><TD WIDTH="100%" VALIGN="TOP" COLSPAN=3>
<B><FONT SIZE=2><P>FLIR SYSTEMS, INC. </B></FONT></TD>
<TD WIDTH="0%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="100%" VALIGN="TOP" COLSPAN=3>
<FONT SIZE=2><P>(Registrant) </FONT></TD>
<TD WIDTH="0%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=2><P>By </FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="72%" VALIGN="TOP">
<FONT SIZE=2><P>/s/ Stephen M. Bailey </FONT></TD>
<TD WIDTH="0%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="72%" VALIGN="TOP">
<FONT SIZE=2><P>Stephen M. Bailey </FONT></TD>
<TD WIDTH="0%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="72%" VALIGN="TOP">
<FONT SIZE=2><P>Sr. Vice President, Finance and </FONT></TD>
<TD WIDTH="0%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="72%" VALIGN="TOP">
<FONT SIZE=2><P>Chief Financial Officer </FONT></TD>
<TD WIDTH="0%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>
</P>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "rrd158179.htm", "description": "OFFICER TRADING PLANS", "secsgml_size_bytes": 8651}]
{"company-data": {"conformed-name": "FLIR SYSTEMS INC", "cik": "0000354908", "assigned-sic": "3812", "irs-number": "930708501", "state-of-incorporation": "OR", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21918", "film-number": "07838969"}, "business-address": {"street1": "27700A SW PARKWAY AVENUE", "city": "WILSONVILLE", "state": "OR", "zip": "97070", "phone": "5034983547"}, "mail-address": {"street1": "27700A SW PARKWAY AVENUE", "city": "WILSONVILLE", "state": "OR", "zip": "97070"}}
FLIR SYSTEMS INC
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): May 10, 2007
FLIR Systems, Inc.
(Exact name of Registrant as specified in its charter)
Oregon
0-21918
93-0708501
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
27700A SW Parkway Avenue, Wilsonville, Oregon
97070
(Address of principal executive offices)
(Zip Code)
(503) 498-3547
(Registrant's telephone number, including area code)
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)
)
Item 8.01   OTHER EVENTS
Adoption of 10b5-1 Trading Plans
.  The US-based named executive officers of FLIR Systems, Inc. (the "Company") have entered into stock trading plans intended to comply with Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended.  Previously, by Company policy, named executive officers were limited to one trading period per calendar year.  Under the terms of the respective trading plans, the officers will sell shares of the Company's common stock either acquired through the exercise of currently unexercised stock options or shares previously acquired.  The trading plans specify the time and the maximum number of shares to be sold, subject to certain limit prices.  The number of shares subject to each trading plan and the duration of each such plan for each of the officers is as set forth below.
Maximum Number of
Duration of
Name
Shares to be Sold
Trading Plan
Earl R. Lewis
President and Chief Executive Officer
754,680
May 14, 2007 through May 9, 2008
Stephen M. Bailey
Senior Vice President Finance and Chief Financial Officer
50,000
May 15, 2007 through August 31, 2007
William A. Sundermeier
President, Commercial Vision Systems Division
50,670
May 15, 2007 through November 30, 2007
Andrew C. Teich
President, Government Systems Division
62,884
May 14, 2007 through August 31, 2007
All sales by the officers under the trading plans will be disclosed publicly through appropriate filings with the Securities and Exchange Commission.
The Company's non US-based executive officer, Arne Almerfors, has also announced his intention to exercise options and sell up to 70,000 shares of the Company's common stock in the open trading window following the Company's earnings release for its fiscal quarter ending June 30, 2007.
SIGNATURE
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 on May 10, 2007.
FLIR SYSTEMS, INC.
(Registrant)
By
/s/ Stephen M. Bailey
Stephen M. Bailey
Sr. Vice President, Finance and
Chief Financial Officer