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Option-related CEO selling at Norbord (:OSB)

Updated Thursday Sep 07, 2017 02:54 AM EDT

Peter Cornelius Wijnbergen, CEO, exercised Options and disposed of 25,000 Common Shares on a direct ownership basis at a price of $43.300 on September 6th, 2017. This represents a $1,082,500 divestment of the company's shares and an account share holdings change of -40.4%.

In addition, Nigel Banks, a Senior Officer, also exercised Options and disposed of 13,000 Common Shares on a direct ownership basis at a price of $43.500 between September 5th, and 6th, 2017. This represents a $565,500 divestment of the company's shares and an account share holdings change of -65.3%.

Norbord is in the Forest & Wood Products Sub Industry Group under the Basic Materials Sector.

Norbord Inc. is a Canada-based producer of wood-based panels. The Company is engaged in manufacturing, sales, marketing and distribution of panelboards and related products used in the construction of new homes or the renovation and repair of existing structures. Its geographic segments include North America and Europe. It also produces oriented strand board (OSB), and manufactures particleboard, medium density fiberboard (MDF) and related value-added products. It has over 20 plant locations in the United States, Canada and Europe. In North America, the Company owns over 10 OSB production facilities located in the Southern region of the United States, Western Canada, Quebec, Ontario and Minnesota. In Europe, it operates an OSB production facility, two particleboard mills and one MDF mill in the United Kingdom and one OSB production facility in Belgium. Its OSB products are sold in North America under the brand names, including SolarBord, TruDeck and StableDeck.

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