Standard Register Reports Officer Trading Activity
Press release from the issuing company
DAYTON, Ohio--Feb. 19, 2003--Tax requirements associated with the vesting of restricted stock grants have caused some Standard Register officers to trade shares of the company.
Under Standard Register's 2002 Equity Incentive Plan, restricted stock grants were made to officers of the company in 2002. A portion of these restricted stock grants vested Feb. 13, resulting in taxable income for the officers. As a result, a number of officers have sold a portion of their shares pursuant to pre-established trading plans to meet these tax requirements. Trading plans were executed on Feb. 13.