NBTY Chairman Adopts Rule 10b5-1 Trading Plan
01 9월 2006 - 9:00PM
PR Newswire (US)
BOHEMIA, N.Y., Sept. 1 /PRNewswire-FirstCall/ -- NBTY, Inc.
(NYSE:NTY) (http://www.nbty.com/), a leading global manufacturer
and marketer of nutritional supplements, today announced that its
Chairman and Chief Executive Officer, Scott Rudolph, has adopted a
pre-arranged stock trading plan to sell a portion of his company
stock over time as part of his individual long-term strategy for
asset diversification and liquidity. The stock trading plan was
adopted in accordance with Rule 10b5-1 of the U.S. Securities
Exchange Act of 1934 and NBTY's policies with respect to insider
sales. Rule 10b5-1 allows corporate officers and directors to adopt
written, pre-arranged stock trading plans when they do not have
material, non-public information. Using these plans, insiders can
gradually diversify their investment portfolios, can spread stock
trades out over an extended period of time to reduce any market
impact and can avoid concerns about whether they had material,
non-public information when they sold their stock. Under his Rule
10b5-1 plan, which was effective as of August 31, 2006, Mr. Rudolph
may sell up to 2.4 million shares of NBTY stock over a period of
approximately two and a half years. The plan allows up to 300,000
shares of NBTY stock to be sold per month, starting from February
2007 until January 2009, subject to certain price restrictions. If
the target prices are achieved and all stock eligible for sale
under the plan is sold, Mr. Rudolph will still own approximately
8.5% of NBTY's current outstanding stock. ABOUT NBTY: NBTY is a
leading vertically integrated manufacturer, marketer and
distributor of a broad line of high-quality, value-priced
nutritional supplements in the United States and throughout the
world. Under a number of NBTY and third party brands, the Company
offers over 22,000 products, including products marketed by the
Company's Nature's Bounty(R), Vitamin World(R), Puritan's Pride(R),
Holland & Barrett(R), Rexall(R), Sundown(R), MET-Rx(R),
WORLDWIDE Sport Nutrition(R), American Health(R), GNC (UK)(R),
DeTuinen(R), LeNaturiste(TM), SISU(R) and Solgar(R) brands.
Contact: Harvey Kamil Carl Hymans NBTY, Inc. G.S. Schwartz &
Co. President & Chief Financial Officer 212-725-4500
631-200-2020 DATASOURCE: NBTY CONTACT: Harvey Kamil, President
& Chief Financial Officer of NBTY, +1-631-200-2020; or Carl
Hymans of G.S. Schwartz & Co., +1-212-725-4500, , for NBTY Web
site: http://www.nbty.com/
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