Edgar Filing: New Sally Holdings, Inc.

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

BERNICK HOWARD B

2. Issuer Name and Ticker or Trading Symbol
New Sally Holdings, Inc. [SBH]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President & Chief Exec Officer

(Last)

(First)

(Middle)

C/O ALBERTO-CULVER COMPANY, 2525 ARMITAGE AVENUE

3. Date of Earliest Transaction (Month/Day/Year)
11/16/2006

(Street)

MELROSE PARK, IL 60160

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/16/2006		A		723,843	A	⁽²³⁾	723,843	I	FN5 ⁽⁵⁾
Common Stock	11/16/2006		A		224,808	A	⁽²³⁾	224,808	I	FN12 ⁽¹²⁾
Common Stock	11/16/2006		A		18,057	A	⁽²³⁾	18,057	I	FN8 ⁽⁸⁾
Common Stock	11/16/2006		A		13,050	A	⁽²³⁾	13,050	I	FN9 ⁽⁹⁾
Common Stock	11/16/2006		A		5,955,857	A	⁽²³⁾	5,955,857	I	FN4 ⁽⁴⁾
Common Stock	11/16/2006		A		1,357,331	A	⁽²³⁾	1,357,331	I	FN3 ⁽³⁾
Common Stock	11/16/2006		A		500,000	A	⁽²³⁾	500,000	I	FN13 ⁽¹³⁾
Common Stock	11/16/2006		A		500,000	A	⁽²³⁾	500,000	I	FN7 ⁽⁷⁾
Common Stock	11/16/2006		A		609,859	A	⁽²³⁾	609,859	I	FN2 ⁽²⁾
Common Stock	11/16/2006		A		150,300	A	⁽²³⁾	150,300	I	FN6 ⁽⁶⁾
Common Stock	11/16/2006		A		27,750	A	⁽²³⁾	27,750	I	FN10 ⁽¹⁰⁾
Common Stock	11/16/2006		A		17	A	⁽²³⁾	17	I	FN14 ⁽¹⁴⁾
Common Stock	11/16/2006		A		80,010	A	⁽²³⁾	80,010	I	FN1 ⁽¹⁾
Common Stock	11/16/2006		A		80,010	A	⁽²³⁾	80,010	I	FN11 ⁽¹¹⁾
Common Stock	11/16/2006		A		80,010	A	⁽²³⁾	80,010	I	FN15 ⁽¹⁵⁾
Common Stock	11/16/2006		A		592,180	A	⁽²³⁾	592,180	D
Common Stock	11/16/2006		A		158,048	A	⁽²³⁾	158,048	I	FN18 ⁽¹⁸⁾
Common Stock	11/16/2006		A		158,048	A	⁽²³⁾	158,048	I	FN19 ⁽¹⁹⁾
Common Stock	11/16/2006		A		133,529	A	⁽²³⁾	133,529	I	FN16 ⁽¹⁶⁾
Common Stock	11/16/2006		A		133,529	A	⁽²³⁾	133,529	I	FN17 ⁽¹⁷⁾
Common Stock	11/16/2006		A		123,718	A	⁽²³⁾	123,718	I	FN20 ⁽²⁰⁾
Common Stock	11/16/2006		A		123,718	A	⁽²³⁾	123,718	I	FN21 ⁽²¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (Right to Buy)

$ 34.227

11/16/2006

232,500

⁽²²⁾

09/30/2012

Common Stock

232,500

⁽²⁴⁾

232,500

Employee Stock Option (Right to Buy)

$ 39.543

11/16/2006

201,000

⁽²²⁾

09/30/2013

Common Stock

201,000

⁽²⁴⁾

201,000

Employee Stock Option (Right to Buy)

$ 43.83

11/16/2006

182,000

⁽²²⁾

09/30/2014

Common Stock

182,000

⁽²⁴⁾

182,000

Employee Stock Option (Right to Buy)

$ 44.4

11/16/2006

180,000

⁽²²⁾

09/30/2015

Common Stock

180,000

⁽²⁴⁾

180,000

Employee Stock Option (Right to Buy)

$ 16.625

11/16/2006

84,000

⁽²²⁾

09/30/2010

Common Stock

84,000

⁽²⁴⁾

84,000

Employee Stock Option (Right to Buy)

$ 21.77

11/16/2006

168,000

⁽²²⁾

09/30/2011

Common Stock

168,000

⁽²⁴⁾

168,000

Employee Stock Option (Right to Buy)

$ 34.227

11/16/2006

105,000

⁽²²⁾

09/30/2012

Common Stock

105,000

⁽²⁴⁾

105,000

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 39.543

11/16/2006

90,000

⁽²²⁾

09/30/2013

Common Stock

90,000

⁽²⁴⁾

90,000

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 42.46

11/16/2006

79,000

⁽²²⁾

10/26/2014

Common Stock

79,000

⁽²⁴⁾

79,000

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 44.4

11/16/2006

80,000

⁽²²⁾

09/30/2015

Common Stock

80,000

⁽²⁴⁾

80,000

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 16.625

11/16/2006

33,750

⁽²²⁾

09/30/2010

Common Stock

33,750

⁽²⁴⁾

33,750

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 21.77

11/16/2006

67,500

⁽²²⁾

09/30/2011

Common Stock

67,500

⁽²⁴⁾

67,500

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 34.227

11/16/2006

232,500

⁽²²⁾

09/30/2012

Common Stock

232,500

⁽²⁶⁾

Employee Stock Option (Right to Buy)

$ 39.543

11/16/2006

201,000

⁽²²⁾

09/30/2013

Common Stock

201,000

⁽²⁶⁾

Employee Stock Option (Right to Buy)

$ 43.83

11/16/2006

182,000

⁽²²⁾

09/30/2014

Common Stock

182,000

⁽²⁶⁾

Employee Stock Option (Right to Buy)

$ 44.4

11/16/2006

180,000

⁽²²⁾

09/30/2015

Common Stock

180,000

⁽²⁶⁾

Employee Stock Option (Right to Buy)

$ 16.625

11/16/2006

84,000

⁽²²⁾

09/30/2010

Common Stock

84,000

⁽²⁶⁾

Employee Stock Option (Right to Buy)

$ 21.77

11/16/2006

168,000

⁽²²⁾

09/30/2011

Common Stock

168,000

⁽²⁶⁾

Employee Stock Option (Right to Buy)

$ 34.227

11/16/2006

105,000

⁽²²⁾

09/30/2012

Common Stock

105,000

⁽²⁶⁾

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 39.543

11/16/2006

90,000

⁽²²⁾

09/30/2013

Common Stock

90,000

⁽²⁶⁾

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 42.46

11/16/2006

79,000

⁽²²⁾

10/26/2014

Common Stock

79,000

⁽²⁶⁾

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 44.4

11/16/2006

80,000

⁽²²⁾

09/30/2015

Common Stock

80,000

⁽²⁶⁾

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 16.625

11/16/2006

33,750

⁽²²⁾

09/30/2010

Common Stock

33,750

⁽²⁶⁾

FN25 ⁽²⁵⁾

Employee Stock Option (Right to Buy)

$ 21.77

11/16/2006

67,500

⁽²²⁾

09/30/2011

Common Stock

67,500

⁽²⁶⁾

FN25 ⁽²⁵⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BERNICK HOWARD B C/O ALBERTO-CULVER COMPANY 2525 ARMITAGE AVENUE MELROSE PARK, IL 60160	X		President & Chief Exec Officer

Signatures

/James M. Spira/Attorney-in-fact for Howard B. Bernick		11/17/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Held by the undersigned's spouse as co-trustee of a trust dated 11/14/89 for the benefit of a relative.***
(2)	Held by the undersigned's spouse as co-trustee of a trust dated 9/18/01 for her benefit.***
(3)	Held by the undersigned's spouse as trustee of a trust dated 10/31/98 for the benefit of her sister.***
(4)	Held by the undersigned's spouse as trustee of a trust dated 4/17/02 for her benefit.***
(5)	Held by the undersigned's spouse as trustee of a trust dated 9/15/93 for her benefit.***
(6)	Held by the undersigned's spouse as co-trustee of a trust dated 10/20/72 for her benefit.***
(7)	Held by the undersigned's spouse as co-trustee of a trust dated 12/18/87 for the benefit of her father.***
(8)	Held by the undersigned as a participant in the Alberto-Culver Company Employees' Profit Sharing Plan.
(9)	Held by the undersigned's spouse as a participant in the Alberto-Culver Company Employees' Profit Sharing Plan.***
(10)	Held by the undersigned as one of three co-trustees of a trust dated 7/7/97 for the benefit of their children.***
(11)	Held by the undersigned's spouse as co-trustee of a trust dated 11/14/89 for the benefit of a relative.***
(12)	Held by the undersigned's spouse as trustee of a trust dated 4/23/93 for her benefit.***
(13)	Held by the undersigned's spouse as co-trustee of a trust dated 12/18/87 for the benefit of her mother.***
(14)	Held by the undersigned as trustee of a trust dated 4/23/93 for his benefit.
(15)	Held by the undersigned's spouse as co-trustee of a trust dated 11/14/89 for the benefit of a relative.***
(16)	Held by the undersigned's spouse as trustee of a trust dated 4/28/05 for her benefit, which trust is a Grantor Annuity Trust.***
(17)	Held by the undersigned's spouse as trustee of a trust dated 4/28/05 for her benefit, which trust is a Grantor Annuity Trust.***
(18)	Held by the undersigned's spouse as trustee of a trust dated 2/2/06 for her benefit, which trust is a Grantor Annuity Trust.***
(19)	Held by the undersigned's spouse as trustee of a trust dated 2/2/06 for her benefit, which trust is a Grantor Annuity Trust.***
(20)	Held by the undersigned's spouse as trustee of a trust dated 7/27/06 for her benefit, which trust is a Grantor Annuity Trust.***
(21)	Held by the undersigned's spouse as trustee of a trust dated 7/27/06 for her benefit, which trust is a Grantor Annuity Trust.***
(22)	This option, to the extent unexercisable, became exercisable in full on November 16, 2006.
(23)	Acquisition of shares of common stock in a merger of one of the issuer's subsidiaries into the Alberto-Culver Company ("Old Alberto-Culver") to effect the formation of a holding company (the "Holding Company Merger"). In the Holding Company Merger, the shares of common stock of Old Alberto-Culver were converted, on a one-for-one basis, into shares of common stock of the issuer pursuant to an Investment Agreement dated as of June 19, 2006, as amended, among Old Alberto-Culver and certain of its subsidiaries and CDRS Acquisition LLC.
(24)	In the Holding Company Merger this option replaced an option to purchase a number of shares of common stock of Old Alberto-Culver equal to the number of shares subject to this option at an exercise price equal to the exercise price of this option.
(25)	Held directly by the undersigned's spouse.***
(26)	This option was assumed by Alberto-Culver Company, formerly known as New Aristotle Holdings, Inc. ("New Alberto-Culver"), in connection with the spin-off by the issuer of New Alberto-Culver (the "Spin-Off") and replaced with an option to purchase a number of shares of common stock of New Alberto-Culver equal to the number of shares subject to this option multiplied by a ratio, the numerator of which is the Old Alberto-Culver stock price prior to the Spin-Off ("Pre Spin-Off Price") and the denominator of which is the 5-day average of the New Alberto-Culver stock price after the Spin-Off ("Post Spin-Off Price") at an exercise price equal to the exercise price of this option multiplied by a ratio, the numerator of which is the Post Spin-Off Price and the denominator of which is the Pre Spin-Off Price.
Remarks: ***The filing of this report shall not be deemed an admission by the undersigned that he is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934.

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Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.