RJ Reynolds Tob (NYSE:RJR)
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RJR Executives Establish Stock Trading Plans
WINSTON-SALEM, N.C., Dec. 18 /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.
Frances V. Creighton, senior vice president - brand marketing for R.J. Reynolds
Tobacco Company (RJR Tobacco), and Lynn L. Lane, senior vice president and
treasurer of RJR Tobacco, 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 4,910 shares in aggregate.
In compliance with RJR's share-ownership guidelines, after the sale of shares
under these 10b5-1 plans, both executives plan 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 When, +1-336-741-5182, both of R.J. Reynolds Tobacco Holdings, Inc.
Web site: http://www.rjrholdings.com/