DUBLIN, Ireland--(BUSINESS WIRE)--Elan Corporation, plc (NYSE: ELN - News) announced today that Kelly Martin, President and CEO, has sold shares under a pre-arranged stock trading plan established in accordance with Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended. The plan allows for the exercise of stock options for ordinary shares of Elan and the sale of those shares in a systematic manner. Mr. Martin adopted the plan in May 2006. This was the first sale made under the plan. Additional sales may occur in the future pursuant to the terms of the plan.
