NBTY Senior Vice President Adopts Rule 10b5-1 Trading Plan
02 Dicembre 2009 - 10:45PM
PR Newswire (US)
BOHEMIA, N.Y., Dec. 2 /PRNewswire-FirstCall/ -- NBTY, Inc.
(NYSE:NTY), (http://www.nbty.com/), a leading global manufacturer
and marketer of nutritional supplements, today announced that its
Senior Vice President, Glenn Schneider, has adopted a prearranged
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 November 24, 2009, Mr. Schneider may sell
up to 82,050 shares of NBTY stock, subject to certain price
restrictions. Sales under the plan are permitted starting from
February 24, 2010 until February 24, 2011. 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 25,000 products, including products marketed by the
Company's Nature's Bounty® (http://www.naturesbounty.com/), Vitamin
World® (http://www.vitaminworld.com/), Puritan's Pride®
(http://www.puritan.com/), Holland & Barrett®
(http://www.hollandandbarrett.com/), Rexall®
(http://www.rexall.com/), Sundown®
(http://www.sundownnutrition.com/), MET-Rx®
(http://www.metrx.com/), Worldwide Sport Nutrition®
(http://www.sportnutrition.com/), American Health®
(http://www.americanhealthus.com/), GNC (UK)®
(http://www.gnc.co.uk/), DeTuinen® (http://www.detuinen.nl/),
LeNaturiste(TM) (http://www.lenaturiste.com/), SISU®
(http://www.sisu.com/), Solgar® (http://www.solgar.com/), Good 'n'
Natural® (http://www.goodnnatural.com/), Home Health(TM)
(http://www.homehealthus.com/), Julian Graves, and Ester-C®
(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, NBTY, Inc., President & Chief
Financial Officer, +1-631-200-2020, or Carl Hymans, G.S. Schwartz
& Co., +1-212-725-4500, Web Site: http://www.nbty.com/
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