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<TITLE>FORM 8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) of the </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported) October&nbsp;29, 2013 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>OUTERWALL INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact
name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>000-22555</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>94-3156448</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission File</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1800 &#150; 114<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> Avenue SE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BELLEVUE, WA 98004 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices and Zip Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (425) 943-8000 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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 STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;8.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Other Events. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On October&nbsp;29, 2013, Outerwall Inc. (the &#147;Company&#148;)
entered into a letter agreement (the &#147;DSB Agreement&#148;) with Wells Fargo Bank, National Association and Wells Fargo Securities, LLC as agent (collectively, &#147;Wells Fargo&#148;), to effect discounted share repurchases of Company common
stock under current share repurchase authorizations of the Company&#146;s Board of Directors (the &#147;Board&#148;). As of October&nbsp;29, 2013, the Company was authorized to repurchase up to $300.4 million of its common stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Under the DSB Agreement, the Company will pay a purchase price of $100 million to Wells Fargo on October&nbsp;30, 2013. Under the terms of the
DSB Agreement, the Company is expected to receive multiple interim deliveries of its common shares from Wells Fargo, with the final delivery of shares to be made by Wells Fargo prior to the end of 2013. The final number of shares that the Company
will repurchase under the DSB Agreement will be determined based on a discount to the arithmetic mean of the volume-weighted average prices of the Company&#146;s common stock for each averaging date over the course of the calculation period. The
Company will be under no obligation to compensate Wells Fargo if the calculated number of shares to be repurchased at the conclusion of the calculation period is less than the number of shares previously delivered at the initial delivery dates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company&#146;s outstanding shares used to calculate earnings per share will be reduced by the number of common shares repurchased pursuant
to the DSB Agreement as they are delivered to the Company, and the $100 million purchase price will be recorded as a reduction in stockholders&#146; equity upon its payment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The DSB Agreement contains certain terms customary for agreements of this type, including provisions for adjustments upon the occurrence of
certain extraordinary corporate and market events and setting forth certain circumstances under which the DSB Agreement may be modified, extended, terminated or unwound early. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On October&nbsp;29, 2013, the Company also adopted a pre-arranged stock trading plan for the purpose of repurchasing $50 million of the
Company&#146;s common stock in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company&#146;s policies regarding stock transactions (the &#147;10b5-1 Plan&#148;). This plan has been
established in accordance with current share repurchase authorizations of the Board. The 10b5-1 Plan will cover the repurchase of common shares commencing no earlier than January&nbsp;2, 2014 and expiring no later than January&nbsp;31, 2014.
Repurchases are subject to SEC regulations as well as certain price, market volume and timing requirements specified in the 10b5-1 Plan, and may be amended or terminated under certain circumstances. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Wells Fargo and its affiliates have performed, and may in the future perform, various commercial banking and other financial advisory services
for the Company and its subsidiaries for which they have received, and will receive, customary fees and expenses. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Forward-Looking
Statements</I>. Certain statements in this Current Report on Form 8-K are &#147;forward-looking statements&#148; within the meaning of the Private Securities Litigation Reform Act of 1995. The words &#147;believe,&#148; &#147;will,&#148;
&#147;expect,&#148; &#147;intend,&#148; &#147;anticipate&#148; and variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. The forward-looking
statements in this Current Report on Form 8-K include statements regarding share repurchase programs and arrangements, including potential timing, costs and share repurchase amounts, if any. Forward-looking statements are not guarantees of future
actions, results, performance or events, which may vary materially from those expressed or implied in such statements. Differences may result from actions taken by the Company or its management, as well as from risks and uncertainties beyond the
Company&#146;s control, including those involving Wells Fargo and applicable broker/dealers. Such risks and uncertainties include, but are not limited to, the ability of </P>

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Wells Fargo and applicable brokers/dealers to purchase shares in connection with the DSB Agreement and the 10b5-1 Plan, fluctuations in the Company&#146;s share price and volume, changes to
Company financing arrangements, changes in financial markets and economic conditions, and changes in the Company&#146;s strategic and financial objectives, as well as other business- and corporate-related events. The foregoing list of risks and
uncertainties is illustrative but by no means exhaustive. For more information on factors that may affect the Company, please review &#147;Risk Factors&#148; and other disclosures described in the Company&#146;s most recent Annual Report on Form
10-K and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, as well as other public filings with the Securities and Exchange Commission. These forward-looking statements reflect the Company&#146;s
expectations as of the date of this Current Report on Form 8-K. The Company undertakes no obligation to update the information provided herein. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" COLSPAN="3">OUTERWALL INC.</TD></TR>
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<TD VALIGN="bottom">By:</TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;/S/ GALEN C. SMITH</P></TD></TR>
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<TD VALIGN="top">Date: October&nbsp;29, 2013</TD>
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<TD VALIGN="bottom">&nbsp;Galen C. Smith</TD></TR>
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<TD VALIGN="bottom">&nbsp;Chief Financial Officer</TD></TR>
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FORM 8-K
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 29, 2013
OUTERWALL INC.
(Exact
name of registrant as specified in its charter)
Delaware
000-22555
94-3156448
(State or other jurisdiction of
incorporation)
(Commission File
Number)
(I.R.S. Employer
Identification No.)
1800 – 114
th
Avenue SE
BELLEVUE, WA 98004
(Address of Principal Executive Offices and Zip Code)
Registrant's telephone number, including area code: (425) 943-8000
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.
On October 29, 2013, Outerwall Inc. (the "Company")
entered into a letter agreement (the "DSB Agreement") with Wells Fargo Bank, National Association and Wells Fargo Securities, LLC as agent (collectively, "Wells Fargo"), to effect discounted share repurchases of Company common
stock under current share repurchase authorizations of the Company's Board of Directors (the "Board"). As of October 29, 2013, the Company was authorized to repurchase up to $300.4 million of its common stock.
Under the DSB Agreement, the Company will pay a purchase price of $100 million to Wells Fargo on October 30, 2013. Under the terms of the
DSB Agreement, the Company is expected to receive multiple interim deliveries of its common shares from Wells Fargo, with the final delivery of shares to be made by Wells Fargo prior to the end of 2013. The final number of shares that the Company
will repurchase under the DSB Agreement will be determined based on a discount to the arithmetic mean of the volume-weighted average prices of the Company's common stock for each averaging date over the course of the calculation period. The
Company will be under no obligation to compensate Wells Fargo if the calculated number of shares to be repurchased at the conclusion of the calculation period is less than the number of shares previously delivered at the initial delivery dates.
The Company's outstanding shares used to calculate earnings per share will be reduced by the number of common shares repurchased pursuant
to the DSB Agreement as they are delivered to the Company, and the $100 million purchase price will be recorded as a reduction in stockholders' equity upon its payment.
The DSB Agreement contains certain terms customary for agreements of this type, including provisions for adjustments upon the occurrence of
certain extraordinary corporate and market events and setting forth certain circumstances under which the DSB Agreement may be modified, extended, terminated or unwound early.
On October 29, 2013, the Company also adopted a pre-arranged stock trading plan for the purpose of repurchasing $50 million of the
Company's common stock in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company's policies regarding stock transactions (the "10b5-1 Plan"). This plan has been
established in accordance with current share repurchase authorizations of the Board. The 10b5-1 Plan will cover the repurchase of common shares commencing no earlier than January 2, 2014 and expiring no later than January 31, 2014.
Repurchases are subject to SEC regulations as well as certain price, market volume and timing requirements specified in the 10b5-1 Plan, and may be amended or terminated under certain circumstances.
Wells Fargo and its affiliates have performed, and may in the future perform, various commercial banking and other financial advisory services
for the Company and its subsidiaries for which they have received, and will receive, customary fees and expenses.
Forward-Looking
Statements
. Certain statements in this Current Report on Form 8-K are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "will,"
"expect," "intend," "anticipate" and variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. The forward-looking
statements in this Current Report on Form 8-K include statements regarding share repurchase programs and arrangements, including potential timing, costs and share repurchase amounts, if any. Forward-looking statements are not guarantees of future
actions, results, performance or events, which may vary materially from those expressed or implied in such statements. Differences may result from actions taken by the Company or its management, as well as from risks and uncertainties beyond the
Company's control, including those involving Wells Fargo and applicable broker/dealers. Such risks and uncertainties include, but are not limited to, the ability of
Wells Fargo and applicable brokers/dealers to purchase shares in connection with the DSB Agreement and the 10b5-1 Plan, fluctuations in the Company's share price and volume, changes to
Company financing arrangements, changes in financial markets and economic conditions, and changes in the Company's strategic and financial objectives, as well as other business- and corporate-related events. The foregoing list of risks and
uncertainties is illustrative but by no means exhaustive. For more information on factors that may affect the Company, please review "Risk Factors" and other disclosures described in the Company's most recent Annual Report on Form
10-K and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, as well as other public filings with the Securities and Exchange Commission. These forward-looking statements reflect the Company's
expectations as of the date of this Current Report on Form 8-K. The Company undertakes no obligation to update the information provided herein.
3
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 hereunto duly authorized.
OUTERWALL INC.
By:
/S/ GALEN C. SMITH
Date: October 29, 2013
Galen C. Smith
Chief Financial Officer
4