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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 6, 2006
ARADIGM CORPORATION
(Exact name of registrant as specified in its charter)
         
California
(State or other jurisdiction
of incorporation)
  0-28402
(Commission
File Number)
  94-3133088
(IRS Employer
Identification No.)
     
3929 Point Eden Way
Hayward, CA 94545
 
(Address of principal executive offices including zip code)
Registrant’s telephone number, including area code (510) 265-9000
 
(Former name or former address, if changed since last report.)
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 (see General Instruction A.2. below):
[  ]    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 5.02   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
     On December 6, 2006, the Board of Directors of Aradigm Corporation (the “Company”) approved bonuses for the Company’s executive officers for the 2006 fiscal year in the following amounts:
     
Officer Name   2006 Bonus
 
   
Igor Gonda, Ph.D.
  $22,363.50
President and Chief Executive Officer
   
 
   
Thomas C. Chesterman
  $48,202.00
Senior Vice President and Chief Financial Officer
   
 
   
Babatunde A. Otulana, M.D.
  $45,352.00
Senior Vice President, Development
   

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  ARADIGM CORPORATION
 
 
Dated: December 12, 2006  By:   /s/ Igor Gonda    
    Igor Gonda   
    Title:   President and Chief Executive Officer