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.
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
|SOURCE NBTY, Inc.|
Copyright©2008 PR Newswire.
All rights reserved