Och-Ziff Capital Management Group Announces Entry by Certain Partners into Rule 10b5-1 Trading Plans of up to $20M
Och-Ziff Capital Management Group LLC (NYSE: OZM) today announced that Daniel S. Och, Chairman and Chief Executive Officer, and certain other executive managing directors of the Company each plan to enter into separate individual Rule 10b5-1 trading plans providing for the purchase of up to an aggregate amount of $20 million of Class A Shares representing limited liability company interests.
Under the proposed trading plans, Mr. Och and certain executive managing directors may purchase Class A Shares over time in the open market, in privately negotiated transactions or otherwise.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.