Reynolds American CEO Establishes Stock Trading Plan
December 05 2005 - 1:37PM
PR Newswire (US)
WINSTON-SALEM, N.C., Dec. 5 /PRNewswire-FirstCall/ -- Susan M.
Ivey, chief executive officer and president of Reynolds American
Inc. (NYSE:RAI), has established a stock-trading plan under Rule
10b5-1 of the Securities and Exchange Act of 1934. The plan will be
in effect through Dec. 31, 2006. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040720/CLTU061LOGO ) Under
the plan, Ivey will acquire approximately 3,555 shares of RAI stock
commencing on Sept. 15, 2006, using proceeds of phantom stock held
by her in the company's long term incentive plan (LTIP) which will
vest on Aug. 31, 2006. This purchase will ensure her continued
compliance with the company's stock ownership guidelines for its
officers. Rule 10b5-1 plans permit individuals who are not in
possession of material nonpublic information to establish
prearranged plans to buy or sell company stock. The rule allows
individuals adopting such plans to buy or sell shares over a
specified period of time or at a specific price in the future,
regardless of any subsequent material nonpublic information they
receive. Reynolds American Inc. (NYSE:RAI) is the parent company of
R.J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company,
Inc., Lane Limited and R.J. Reynolds Global Products, Inc. R.J.
Reynolds Tobacco Company, the second- largest U.S. tobacco company,
manufactures about one of every three cigarettes sold in the
country. The company's brands include five of the 10 best-selling
U.S. brands: Camel, Kool, Winston, Salem and Doral. Santa Fe
Natural Tobacco Company, Inc. manufactures Natural American Spirit
cigarettes and other tobacco products for U.S. and international
markets. Lane Limited manufactures several roll-your-own, pipe
tobacco and little cigar brands, and distributes Dunhill tobacco
products. R.J. Reynolds Global Products, Inc. manufactures, sells
and distributes American-blend cigarettes and other tobacco
products to a variety of customers worldwide. Copies of RAI's news
releases, annual reports, SEC filings and other financial materials
are available at http://www.reynoldsamerican.com/.
http://www.newscom.com/cgi-bin/prnh/20040720/CLTU061LOGO
http://photoarchive.ap.org/ DATASOURCE: Reynolds American, Inc.
CONTACT: Seth Moskowitz of Reynolds American Inc., +1-336-741-7698
Web site: http://www.reynoldsamerican.com/
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