B/E Aerospace, Inc. Reports Spin-off Trading Information - Quick Facts

(RTTNews) - B/E Aerospace, Inc. (BEAV) said that in connection with its previously announced spin-off of KLX Inc., NASDAQ has informed the company about certain key dates relating to trading in common stock of KLX and B/E Aerospace in connection with the spin-off.

As previously announced, the record date for the distribution of KLX common stock to B/E Aerospace shareholders will be the close of business on Friday, December 5, 2014, and the distribution date will be December 16, 2014.

Starting on December 3, 2014, there will be a when-issued market in KLX common stock under the ticker symbol "KLXIV." This when-issued market will continue until regular-way trading in KLX common stock begins under the ticker symbol "KLXI" on December 17, 2014, the first trading day after the distribution date, the company said.

Also starting on Wednesday, December 3, 2014, there will be two markets in B/E Aerospace common stock: a "regular-way" market and an "ex-distribution" market.

Under the Regular way market, shares of B/E Aerospace common stock that trade on the regular-way market under B/E Aerospace's current ticker symbol "BEAV" will trade with an entitlement to shares of KLX common stock distributed in the distribution through December 16, 2014 and shares that trade on the ex-distribution market will trade under the ticker symbol "BEAVV" without an entitlement to shares of KLX common stock distributed in the distribution, according to the company.

The last day of trading in the ex-distribution market will be December 16, 2014.