>>
Home / Knowledge / News / Apparel/Garments / True Religion Chairman completes sale of common shares

True Religion Chairman completes sale of common shares

14
May '08
True Religion Apparel Inc announced that Chairman and Chief Executive Officer Jeffrey Lubell sold 3.2 million shares of True Religion Apparel common stock on May 13, 2008.

Mr. Lubell sold these shares for two purposes: first, to fulfill an obligation due under the marital dissolution agreement with his former wife; and second, to continue his financial, estate and tax planning.

In May 2007, Mr. Lubell and his former wife restructured their collective holdings of equity interests in True Religion Apparel, including common stock, restricted stock and stock options. At that time, Mr. Lubell received control of these securities. In order to satisfy his obligations under the marital dissolution, Mr. Lubell sold shares of True Religion Apparel common stock on June 7, 2007 and May 13, 2008. With the completion of this sale, Mr. Lubell has no further payments due to his former wife related to the restructuring of their collective holdings of equity interests in True Religion Apparel.

Following this transaction, Mr. Lubell retains beneficial ownership of 3,012,657 shares of True Religion Apparel common stock, including 2,557,664 shares of Company common stock, 64,993 shares of restricted stock which are subject to a right of forfeiture, 190,000 shares of restricted stock which may be earned if certain performance criteria are achieved and which are subject to a right of forfeiture, and 200,000 options to purchase shares of Company common stock. Following this transaction, Mr. Lubell's ownership is approximately 12.3 percent of the Company's diluted outstanding shares.

In September 2007, Mr. Lubell entered into a pre-arranged stock sales plan (the "Plan") under which a broker not affiliated with the Company could sell up to 2,300,000 shares of Company common stock over a six month period starting on October 17, 2007. The Plan expired pursuant to its terms, and no stock sales were completed under the Plan.

Mr. Lubell will file a Form 4 with the Securities and Exchange Commission in connection with this transaction.

True Religion Apparel Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 20th May 2022

China reiterates call for tariffs cut after US official’s statement

After US treasury secretary Janet Yellen called for tariffs cuts on...

Pic: Shutterstock

Textiles | On 20th May 2022

World economy projected to grow by 3.1% in 2022: UN

The world economy is projected to grow by 3.1 per cent in 2022,...

Pic: Shutterstock

Textiles | On 20th May 2022

Lowering logistics costs key to Vietnam’s export competitiveness

Reducing logistics costs is crucial to raising competitiveness of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Hannes Schoenegger,

Hannes Schoenegger

Bananatex is the world’s first durable, technical fabric made purely from...

Liivika Lapp,

Liivika Lapp

Baltika Group, founded in 1928, is the leading fashion brand house in the...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Prakruti Gupta Rao & Navin Rao, Brand - The Kaftan Company

Prakruti Gupta Rao & Navin Rao
Brand - The Kaftan Company

The Kaftan Company (TKC) is India’s most recognised brand for kaftans,...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

NV Michel Van de Wiele
Etam Group Strategy Hong Kong Limited
Loris Bellini S.r.l.
Groz-Beckert KG
Nihalani Events Management
TESCO INTERNATIONAL SOURCING LIMITED
Lululemon Athletica Inc
BIMBA ;& LOLA SL
TEXVALLEY MARKET LIMITED
Thermore (Far East) Ltd.
Bluestem Global Sourcing Limited
Dow Silicones Corporation
Stahl Holdings B.V.,
Flainox S.r.l.
THE BOMBAY DYEING ;& MFG.CO. LTD
Chori Company Limited
JES MEDIA, INC
Tradewind International Servicing
Eastman Chemical Company
Comasia Limited
Datacolor AG Europe
Decathlon
Nandan Denim Limited
Guess Europe Sagl,
Shanghai  Aige Exhibition Service Co., Ltd
International Sourcing Expo Australia
Jindal Worldwide Limited
Woolmark Services India Pvt. Ltd.
Asos
Sateri (Jiujiang) Fiber Co.,Ltd
Lacoste (Wanchai)
Inter Expo Center Ltd.
Colours India Inc
EUROVET ASIA LTD
Brückner Trockentechnik GmbH & Co. KG
TESTEX AG, Swiss Textile Testing Institute
Jiangsu Yingyang Nonwoven Machinery Company Limited
KIABI
Alison Hayes Romania
Thai Acrylic Fibre Company Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Gap International Sourcing Limited
China World International Exhibition Company Limited
Brandix Lanka Limited
Green Fibre
Walmart
Color Service s.r.l.
DuPont de Nemours, Inc.,
Xtema - Thomas Lebherz Textilmaschinen
Splash
BRINKMANN GMBH
Midas Clothing Limited
Amazon China
OVS Hong Kong Sourcing Ltd.
ITMA Services Pte Ltd
G-Star Raw C.V.
Newtech Textile Technology Development (Shanghai) Company Limited
Alix Partners
Grasim Industries Limited
Savio Macchine Tessili S.P.A.
Gokaldas Exports Limited
Lenzing Aktiengesellschaft - India
Bluesign Technologies Ag
SHAHI Exports Pvt Ltd
Messe Frankfurt Exhibition GmbH
Babyshop
CSGIA(China Screen Printing & Graphic Imaging Association)
Boardriders Asia Sourcing Limited
BTSR International S.P.A.
Gatsby Africa
Calvin Klein
Itema Weaving (India) Private Limited
Permoda(Koaj/Armi/Pronto/Bkul)
PVH Corporation
Lectra Technologies India Pvt Ltd.
Tchibo GmbH
Pt. Peraga Nusantara Jaya Sakti
CGS Inc.
Hela Clothing Pvt Ltd
Istanbul Fuarcilik A.S.
Arvind Limited
DyStar India Pvt. Ltd
Thai Trade Center
Target Corporation (MN)
Applied DNA Sciences Inc
Lottmann Communications
FESPA (Reigate)
X-Rite Asia Pacific Limited (HK)
Taiwan Textile Federation (TTF)
GIOVANNI BOZZETTO S.p.A.
Sportmaster Ltd.
Seasalt Limited
EMBEE CORPORATION
EPCH
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Weitmann & Konrad GmbH & Co. KG
H. Stoll AG & Company KG
The Top Form Brassiere Manufacturing Company Limited
ZAITEX spa
SYNERGIES HONG KONG LIMITED
IKEA of Sweden AB
IIGM Private Limited
Tuyap Tum Fuarcilik Yapim A.S.
Under Armour Global Sourcing Ltd
Coats Digital Limited
Lenzing Aktiengesellschaft
Marzoli Machines Textile s.r.l.
Varner AS Retail
Datatex Consulting Srl
Sportswear Company Spa
APLF Limited
VNU Exhibitions Asia
Tory Burch Hong Kong Ltd
FULGAR SpA
GHCL LIMITED
Copenhagen Fashion Summit
Kern – Liebers Textile
Helly Hansen Far East Ltd
BIANCA
Gloria Jeans
Messe Duesseldorf
Haelixa AG
Centric Software
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Rieter India Private Limited
Indo Tex
Italian Trade Commission
Recron Polyester from Reliance Industries Limited
IDH – The Sustainable Trade Initiative
Phong Phu international JSC (PPJ)
Mesdan SPA
J ;& P Coats
Maceton Limited
Shima Seiki Mfg. Ltd.
The LYCRA Company Singapore  Pte. Ltd
Lifestyle
Eurofins BLC Leather Technology Centre Ltd
G.A.S. unternehmenskommunikation gmbh
Page Industries Limited (Bangalore)
Aquarelle Clothing Limited
Hirdaramani International Export Private Limited
Desigual - ABASIC, S.A.
Aleph Srl
Equinox Impex India
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Recron Polyester from Reliance Industries Limited
Karl Mayer Textilmaschinenfabrik GmbH
Kornit Digital Asia Pacific Ltd
Groz-Beckert East Asia LLP
BTC Textiles LLC
KAS Direct Sourcing
Zünd Systemtechnik AG
Rosset ;& Cia Limited
Reiter India Private Limited
Infor (Hong Kong) Limited
LC Waikiki
Mayer & Cie. GmbH & Co. KG
Tommy Hilfiger
H;&M Hennes ;& Mauritz (Far East) Ltd
USTER
UBM China (Shanghai)
Abit
Saurer Textile Solutions Pvt. Ltd.
Officina Meccanica Dora Enrico Srl
International Textile Manufacturers Federation
Lisa S.P.A.
C;&A Sourcing International Ltd
Cat Tuong Real Estate Group Joint Stock Company
Zydex Industries
Sainsbury's Argos Asia Limited
TÜYAP IHTISAS FUARLARI A.S.
Vianney Textil Hogar S.A. De C.V.
Aramark Uniform ;& Career Apparel, LLC
Vardhman Textile Ltd
GERBER TECHNOLOGY LTD.
Restoque S.A.
Benetton Group
Puma
Palexpo SA
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Chico’ FAS
N9 World Technologies Private Limited
NITI Aayog
Landmark Group
The LYCRA Company Singapore  Pte. Ltd
COTTON COUNCIL INTERNATIONAL
Truetzschler India Private Limited
T.T. Limited
Rayonese Textile Inc., Division de Culp Inc.
Esprit Europe Services GmbH
IFF Media Ag - International Media Services
Indofil Industries Limited - Specialty & Performance Chemicals Division
K AND D ITMACH EXPOSITIONS LLP
Performance Days
John Varvatos
Huntsman (Singapore) Pte Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Meera Dyestuff Industries

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search