RJR Executives Establish Stock Trading Plans
December 18 2003 - 10:42AM
PR Newswire (US)
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/
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