-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RS1f7mQEfChxizIbXb6l28cEm26BrpWmaHOWDYLzE8IEucvt67dsg926uyPPY3GF jIWPy0v8BTXJdNEyJFX7NQ== <SEC-DOCUMENT>0001067491-06-000034.txt : 20060830 <SEC-HEADER>0001067491-06-000034.hdr.sgml : 20060830 <ACCEPTANCE-DATETIME>20060830065329 ACCESSION NUMBER: 0001067491-06-000034 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060830 FILED AS OF DATE: 20060830 DATE AS OF CHANGE: 20060830 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INFOSYS TECHNOLOGIES LTD CENTRAL INDEX KEY: 0001067491 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 581760235 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25383 FILM NUMBER: 061063962 BUSINESS ADDRESS: STREET 1: ELECTRONICS CITY HOSUR RD STREET 2: BANGALORE KARNATAKA INDIA BUSINESS PHONE: 0119180852 MAIL ADDRESS: STREET 1: ELECTRONIC CITY HOSUR RD STREET 2: BANGALORE KARNATAKA INDIA STATE: K7 </SEC-HEADER> <DOCUMENT> <TYPE>6-K <SEQUENCE>1 <FILENAME>saleofshares.htm <TEXT> <html> <head> <title>Sale of Shares</title> </head> <body> <div style="font-family:Arial, Helvetica, sans-serif; font-size:12px; color:#000000;"> <div align="center" style="font-family:Arial, Helvetica, sans-serif; font-size:12px; color:#000000;"> <p align="center"><strong>UNITED STATES SECURITIES AND EXCHANGE COMMISSION<br>Washington , D.C. 20549</strong></p> <p align="center"><strong>FORM 6-K</strong></p> <p align="center"><strong>Report of Foreign Private Issuer <br>Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 </strong></p><br> <p align="center"><strong>For the month of August, 2006 <br>Commission File Number: 000-25383</strong></p> <p align="center"><strong>INFOSYS TECHNOLOGIES LIMITED</strong><br> <em>(Exact name of Registrant as specified in its charter) </em></p> <p align="center"><strong>Not Applicable </strong><br><em>(Translation of Registrant's name into English) </em></p> <p align="center"><strong>Bangalore , Karnataka, India </strong><br> <em>(Jurisdiction of incorporation or organization)</em></p> <p align="center"><strong>Electronics City, Hosur Road, Bangalore, Karnataka, India 560 100. 80-2852-0261 </strong><br> <em>(Address of principal executive offices)</em></p> </div> <p>Indicate by check mark registrant files or will file annual reports under cover Form 20-F or Form 40-F.<br> Form 20-F <font style="font-family:wingdings">ý</font> & Form 40-F <font style="font-family:wingdings">o</font></p> <p>Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g 3-2(b) under the Securities Exchange Act of 1934<br> Yes <font style="font-family:wingdings">o</font> No <font style="font-family:wingdings">ý</font></p> <p>If "Yes" is marked, indicate below the file number assigned to registrant in connection with Rule 12g 3-2(b). Not Applicable</p> <hr> <p>Infosys Technologies Limited (the "Company") hereby furnishes the United States Securities and Exchange Commission with the information contained in this Report on Form 6-K. The following information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.</p> <p>On August 14, 2006, Mr. Srinath Batni, an executive director of the Company, sold 10,000 equity shares of the Company. Pursuant to the terms of the Company's Insider Trading Rules, a director, officer or certain other designated employees of the Company may buy or sell the Company's equity shares only after prior notification to the Company, may only buy or sell such equity shares during an open trading window, and must notify the Company within one working day following the execution of such transaction. Mr. Batni notified the Company of his intent to sell his equity shares and sold such equity shares during an open trading window. However, Mr. Batni inadvertently failed to notify the Company about the sale of the equity shares within one working day after the transaction, which failure was a violation of the Company's Insider Trading Rules. Mr. Batni notified the Company of his sale of 10,000 equity shares on August 23, 2006. </p> <p>The audit committee of the Company's board of directors, which is responsible for review of Company management's monitoring of compliance with the Company's standards of business conduct, determined that Mr. Batni's failure to timely notify the Company of the sale of equity shares was a technical violation of the Insider Trading Rules, which forms a part of the Company's Code of Conduct, and therefore imposed on Mr. Batni a penalty of Rs.500,000, which Mr. Batni has been directed to pay to a charity. We notified the Indian stock exchanges and the NASDAQ of the sale of equity shares by Mr. Batni on August 29, 2006.</p> <hr> <p><strong>SIGNATURES</strong></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 organized.</p> <p align="right">INFOSYS TECHNOLOGIES LIMITED</p> <p align="right"> /s/ NANDAN M. NILEKANI </p> <div align="right">Nandan M. Nilekani</div> <div align="right"><em>Chief Executive Officer</em></div> <p>Dated: 30 August, 2006</p> <hr> </div> </body> </html> </TEXT> </DOCUMENT> </SEC-DOCUMENT> -----END PRIVACY-ENHANCED MESSAGE-----