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August 2006

 

Clean Harbors CEO sells stock

Clean Harbors, Inc. announced that Alan S. McKim, the Company’s founder and chief executive officer has established a prearranged stock trading plan to sell a portion of his Company stock over time as part of his individual long-term strategy for asset diversification and liquidity.

Rule 10(b)(5)-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. Using these plans, insiders can gradually diversify their investment portfolios, can spread stock trades out over an extended period of time to reduce any market impact, and can avoid concerns about whether they had material, non-public information when they sold their stock.

McKim may sell up to 600,000 shares of stock through December 31, 2006. Stock being sold by McKim was originally issued to him by the Company in 1980. If McKim sells all of the shares in the plan, he will continue to own more than three million shares of company common stock.


877-777-0737    •     Fax 419-931-0740     •     118 E. Third Street, Suite A   Perrysburg, OH 43551
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