RJR Executives Establish Stock Trading Plans
05 December 2003 - 7:43AM
PR Newswire (US)
RJR Executives Establish Stock Trading Plans WINSTON-SALEM, N.C.,
Dec. 4 /PRNewswire-FirstCall/ -- Two executive officers of R.J.
Reynolds Tobacco Holdings, Inc. have established stock trading
plans under Rule 10b5-1 of the Securities and Exchange Act of 1934.
Tommy J. Payne, executive vice president - external relations for
RJR, and Lynn J. Beasley, president and chief operating officer of
R.J. Reynolds Tobacco Company, filed plans to sell restricted
shares issued to them as part of RJR's long-term incentive program.
The shares were granted in January 2001, will vest in January 2004,
and be sold thereafter. The final number of shares vesting is
contingent upon RJR and its subsidiaries meeting certain
performance measures and will be determined at year-end 2003, but
is not expected to exceed 18,000 shares in aggregate. In addition,
Payne established 10b5-1 plans to sell shares acquired upon the
exercise of 20,000 tandem stock options granted to him in 1999 and
3,726 options granted to him in 1996, as well as 4,000 additional
shares he currently holds. In compliance with RJR's share-ownership
guidelines, after the sale of shares under these 10b5-1 plans, both
executives will continue to own shares of RJR stock equal to at
least 25 percent of the original number of restricted shares
granted to them since the company became public in 1999. 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 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. R.J. Reynolds Tobacco Holdings,
Inc. is the parent company of R.J. Reynolds Tobacco Company and
Santa Fe Natural Tobacco Company, Inc. R.J. Reynolds Tobacco
Company is the second-largest tobacco company in the United States,
manufacturing about one of every four cigarettes sold in the United
States. Reynolds Tobacco's product line includes four of the
nation's 10 best-selling cigarette brands: Camel, Winston, Salem
and Doral. Santa Fe Natural Tobacco Company, Inc. manufactures
Natural American Spirit cigarettes and other tobacco products, and
markets them both nationally and internationally. Copies of RJR's
news releases, annual reports, SEC filings and other financial
materials are available on the company's website,
http://www.rjrholdings.com/ . DATASOURCE: R.J. Reynolds Tobacco
Holdings, Inc. CONTACT: Media, Seth Moskowitz, +1-336-741-7698, or
Investors, Carole Biermann Wehn, +1-336-741-5182, both of R.J.
Reynolds Tobacco Holdings, Inc. Web site: http://www.rjrt.com/
http://www.rjrholdings.com/
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