NBTY Senior Vice President Adopts Rule 10b5-1 Trading Plan
01 12월 2006 - 6:30AM
PR Newswire (US)
BOHEMIA, N.Y., Nov. 30 /PRNewswire-FirstCall/ -- NBTY, Inc.
(NYSE:NTY) (http://www.nbty.com/), a leading global manufacturer
and marketer of nutritional supplements, today announced that
Michael Slade, its Senior Vice President and a member of the Board
of Directors and trustee of a private charitable foundation, has
adopted pre-arranged stock trading plans to sell a portion of his
NBTY stock over time, as part of his individual long term strategy
of asset diversification and to provide liquidity for the
foundation. These stock trading plans were adopted in accordance
with Rule 10b5-1 of the U.S. Securities Exchange Act of 1934 and
NBTY's policies with respect to insider trading. 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 diversify their
investment portfolios and can avoid concerns about whether they had
material, non-public information when they sold their stock. Under
his Rule 10b5-1 plans, which are effective as of November 30, 2006,
Mr. Slade may sell personally up to 250,000 shares and through the
foundation up to 76,900 shares of NBTY stock over a period of
approximately two years, starting in January 2007 and terminating
in December 2008, subject to certain price targets and
restrictions. If all of the stock eligible for sale under these
plans is sold, Mr. Slade will still directly and indirectly own
approximately 1.2 million shares or approximately 2% 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),
Solgar(R) and Ester-C(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, Inc. CONTACT:
Harvey Kamil, President & Chief Financial Officer of NBTY,
Inc., +1-631-200-2020; or Carl Hymans of G.S. Schwartz & Co.,
+1-212-725-4500, Web site: http://www.nbty.com/
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