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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(Print or Type Responses)
1. Name and Address of Reporting Person *
WIRTZ WILLIAM W
   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
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
680 NORTH LAKESHORE DRIVE, 19TH FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
11/16/2006
(Street)

CHICAGO, IL 60611		 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)
Code V Amount (A) or (D) Price
Common Stock 11/16/2006   A   40,937 A (1) 40,937 D  
Common Stock 11/16/2006   A   873,000 A (1) 873,000 I See footnote (2)

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Director Stock Option (Right to Buy) $ 34.227 11/16/2006   A   938     (3) 01/23/2013 Common Stock 938 (4) 938 D  
Director Stock Option (Right to Buy) $ 41.49 11/16/2006   A   1,875     (3) 01/22/2014 Common Stock 1,875 (4) 1,875 D  
Director Stock Option (Right to Buy) $ 53.725 11/16/2006   A   3,750     (3) 01/27/2015 Common Stock 3,750 (4) 3,750 D  
Director Stock Option (Right to Buy) $ 44.365 11/16/2006   A   3,750     (3) 01/26/2016 Common Stock 3,750 (4) 3,750 D  
Director Stock Option (Right to Buy) $ 34.227 11/16/2006   D     938   (3) 01/23/2013 Common Stock 938 (5) 0 D  
Director Stock Option (Right to Buy) $ 41.49 11/16/2006   D     1,875   (3) 01/22/2014 Common Stock 1,875 (5) 0 D  
Director Stock Option (Right to Buy) $ 53.725 11/16/2006   D     3,750   (3) 01/27/2015 Common Stock 3,750 (5) 0 D  
Director Stock Option (Right to Buy) $ 44.365 11/16/2006   D     3,750   (3) 01/26/2016 Common Stock 3,750 (5) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WIRTZ WILLIAM W
680 NORTH LAKESHORE DRIVE, 19TH FLOOR
CHICAGO, IL 60611		   X      

Signatures

 /s/ James M. Spira as Attorney-in-Fact for William W. Wirtz   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) 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.
(2) Owned by the Wirtz Corporation of which William W. Wirtz is President, Director and Shareholder.***
(3) This option, to the extent unexercisable, became exercisable in full on November 16, 2006.
(4) 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.
(5) 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 me that I am the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934.

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