NBTY Founder Adopts Rule 10b5-1 Trading Plan
02 8월 2007 - 5:30AM
PR Newswire (US)
BOHEMIA, N.Y., Aug. 1 /PRNewswire-FirstCall/ -- NBTY, Inc.
(NYSE:NTY) (http://www.nbty.com/), a leading global manufacturer
and marketer of nutritional supplements, today announced that
Arthur Rudolph, its Founder and a member of its Board of Directors,
has adopted a pre-arranged stock trading plan to sell a portion of
his NBTY stock over time, as part of his long term strategy of
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
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 plan, which was effective
as of August 1, 2007, Mr. Rudolph may sell up to 240,000 shares of
NBTY stock over a period of one year, starting in December 2007 and
terminating in December 2008, subject to certain price targets and
restrictions. ABOUT NBTY NBTY is a leading global 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)
(http://www.naturesbounty.com/), Vitamin World(R)
(http://www.vitaminworld.com/), Puritan's Pride(R)
(http://www.puritan.com/), Holland & Barrett(R)
(http://www.hollandandbarrett.com/), Rexall(R)
(http://www.rexallsundown.com/), Sundown(R)
(http://www.rexallsundown.com/), MET- Rx(R)
(http://www.metrx.com/), WORLDWIDE Sport Nutrition(R)
(http://www.sportnutrition.com/), American Health(R)
(http://www.americanhealthus.com/), GNC (UK)(R)
(http://www.gnc.co.uk/), DeTuinen(R) (http://www.detuinen.nl/),
LeNaturiste(TM) (http://www.lenaturiste.com/), SISU(R)
(http://www.sisu.com/), Osteo Bi-Flex(R)
(http://www.osteobiflex.com/), PureProtein(R)
(http://www.pureprotein.net/), Solgar(R) (http://www.solgar.com/)
and Ester-C(R) (http://www.ester-c.com/) 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, NBTY, Inc., President & Chief
Financial Officer, +1-631-200-2020; Carl Hymans, G.S. Schwartz
& Co., +1-212-725-4500, Web site: http://www.nbty.com/
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