| YRC
Worldwide CEO Bill Zollars Establishes 10b5-1 Trading Plan |
| YRCW
traded at $38.97 on 08.02.06 multiplied by 104,465 equals $4,071,001.00 |
| From the RD
News Desk |
|
OVERLAND PARK, KS -- YRC Worldwide
Inc. (Nasdaq: YRCW) today announced that Bill Zollars, Chairman,
President and CEO of YRC Worldwide, has adopted a stock trading plan
("the plan") in accordance with Rule 10b5-1 of the Securities
Act of 1934. Mr. Zollars' plan is a component of his overall tax and
financial planning strategy that is designed to provide enhanced
diversification and liquidity. |
|
Rule 10b5-1 enables corporate
officers and directors to establish stock trading plans for the orderly
sale of predetermined amounts of securities. Such plans may be initiated
only when the officers and directors are not in possession of material,
non-public information. The rule allows individuals adopting such plans
to sell shares over a specified amount of time, at specific prices in
the future, even if subsequent material, non-public information becomes
available to them. |
|
Under the provisions of Mr.
Zollars' plan, up to 104,465 of the 154,465 stock options he currently
holds may be exercised and sold. Mr. Zollars' beneficial ownership of
213,058 shares of YRC Worldwide common stock is unaffected. Any
transactions executed under the provisions of the plan, which is
effective for approximately five months, will be reported through Form 4
filings with the Securities and Exchange Commission. |
| SOURCE: YRC Worldwide Inc.
|
| http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=yrcw&script=410&layout=-6&item_id=890945
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