CHICAGO, Dec. 22 /PRNewswire-FirstCall/ -- As required by New York Stock Exchange rules, Bally Total Fitness (NYSE:BFT) today reported the grant of stock options under the Company's Inducement Plan adopted in 2005 to new employees Jerry Rezabek, AVP, Accounting and Stephanie Burnham, Senior Director, Market Research.
Rezabek received 5,000 stock options and Burnham received 4,000 stock options. These inducement stock options vest in three equal annual installments on the anniversary of the grant date and are subject to forfeiture in the event of resignation or termination for cause prior to vesting.
In accordance with NYSE Rule 303A.08, these inducement stock option grants require a public announcement of the awards and written notice to the NYSE.
About Bally Total Fitness Bally Total Fitness is the largest publicly-traded full-service commercial North American fitness center operator, with over 400 owned and franchised facilities located in 27 states, Mexico, Canada, Korea, China and the Caribbean under the Bally Total Fitness(R), Bally Sports Clubs(R) and Sports Clubs of Canada(R) brands. Bally offers a unique platform for distribution of a wide range of products and services targeted to active, fitness-conscious adult consumers. DATASOURCE: Bally Total Fitness CONTACT: Matt Messinger of Bally Total Fitness, +1-773-864-6850 Web site: http://www.ballyfitness.com/
|