NBTY Founder Adopts Rule 10b5-1 Trading Plan
14 11월 2008 - 6:30AM
PR Newswire (US)
RONKONKOMA, N.Y., Nov. 13 /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 diversity 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 is effective as
of December 2, 2008, Mr. Rudolph may sell up to 240,000 shares of
NBTY stock over a period of two years, starting in December 2008
and terminating in December 2010, subject to certain price targets
and other restrictions. Mr. Rudolph's previously announced Rule
10b5-1 Trading Plan will terminate on December 1, 2008. No shares
had been sold under the prior plan as of November 13, 2008. 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.rexall.com/), Sundown(R)
(http://www.sundownnutrition.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/), Solgar(R) (http://www.solgar.com/), Good
'n' Natural(R) (http://www.goodnnatural.com/), Home Health(TM)
(http://www.homehealthus.com/), Julian Graves, and Ester-C(R)
(http://www.ester-c.com/) brands. NBTY routinely posts information
that may be important to investors on its web site. 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., for NBTY, Inc., +1-212-725-4500, Web Site:
http://www.nbty.com/
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