Sec Form 4 Filing - BERNICK HOWARD B @ New Sally Holdings, Inc. - 2006-11-16

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 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 (MM/DD/YY) 11/16/2006 (Street) MELROSE PARK, IL60160 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 723,843 A 723,843 I FN5 ( 5 ) Common Stock 11/16/2006 A 224,808 A 224,808 I FN12 ( 12 ) Common Stock 11/16/2006 A 18,057 A 18,057 I FN8 ( 8 ) Common Stock 11/16/2006 A 13,050 A 13,050 I FN9 ( 9 ) Common Stock 11/16/2006 A 5,955,857 A 5,955,857 I FN4 ( 4 ) Common Stock 11/16/2006 A 1,357,331 A 1,357,331 I FN3 ( 3 ) Common Stock 11/16/2006 A 500,000 A 500,000 I FN13 ( 13 ) Common Stock 11/16/2006 A 500,000 A 500,000 I FN7 ( 7 ) Common Stock 11/16/2006 A 609,859 A 609,859 I FN2 ( 2 ) Common Stock 11/16/2006 A 150,300 A 150,300 I FN6 ( 6 ) Common Stock 11/16/2006 A 27,750 A 27,750 I FN10 ( 10 ) Common Stock 11/16/2006 A 17 A 17 I FN14 ( 14 ) Common Stock 11/16/2006 A 80,010 A 80,010 I FN1 ( 1 ) Common Stock 11/16/2006 A 80,010 A 80,010 I FN11 ( 11 ) Common Stock 11/16/2006 A 80,010 A 80,010 I FN15 ( 15 ) Common Stock 11/16/2006 A 592,180 A 592,180 D Common Stock 11/16/2006 A 158,048 A 158,048 I FN18 ( 18 ) Common Stock 11/16/2006 A 158,048 A 158,048 I FN19 ( 19 ) Common Stock 11/16/2006 A 133,529 A 133,529 I FN16 ( 16 ) Common Stock 11/16/2006 A 133,529 A 133,529 I FN17 ( 17 ) Common Stock 11/16/2006 A 123,718 A 123,718 I FN20 ( 20 ) Common Stock 11/16/2006 A 123,718 A 123,718 I FN21 ( 21 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Employee Stock Option (Right to Buy) $ 34.227 11/16/2006 A 232,500 ( 22 ) 09/30/2012 Common Stock 232,500 ( 24 ) 232,500 D Employee Stock Option (Right to Buy) $ 39.543 11/16/2006 A 201,000 ( 22 ) 09/30/2013 Common Stock 201,000 ( 24 ) 201,000 D Employee Stock Option (Right to Buy) $ 43.83 11/16/2006 A 182,000 ( 22 ) 09/30/2014 Common Stock 182,000 ( 24 ) 182,000 D Employee Stock Option (Right to Buy) $ 44.4 11/16/2006 A 180,000 ( 22 ) 09/30/2015 Common Stock 180,000 ( 24 ) 180,000 D Employee Stock Option (Right to Buy) $ 16.625 11/16/2006 A 84,000 ( 22 ) 09/30/2010 Common Stock 84,000 ( 24 ) 84,000 D Employee Stock Option (Right to Buy) $ 21.77 11/16/2006 A 168,000 ( 22 ) 09/30/2011 Common Stock 168,000 ( 24 ) 168,000 D Employee Stock Option (Right to Buy) $ 34.227 11/16/2006 A 105,000 ( 22 ) 09/30/2012 Common Stock 105,000 ( 24 ) 105,000 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 39.543 11/16/2006 A 90,000 ( 22 ) 09/30/2013 Common Stock 90,000 ( 24 ) 90,000 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 42.46 11/16/2006 A 79,000 ( 22 ) 10/26/2014 Common Stock 79,000 ( 24 ) 79,000 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 44.4 11/16/2006 A 80,000 ( 22 ) 09/30/2015 Common Stock 80,000 ( 24 ) 80,000 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 16.625 11/16/2006 A 33,750 ( 22 ) 09/30/2010 Common Stock 33,750 ( 24 ) 33,750 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 21.77 11/16/2006 A 67,500 ( 22 ) 09/30/2011 Common Stock 67,500 ( 24 ) 67,500 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 34.227 11/16/2006 D 232,500 ( 22 ) 09/30/2012 Common Stock 232,500 ( 26 ) 0 D Employee Stock Option (Right to Buy) $ 39.543 11/16/2006 D 201,000 ( 22 ) 09/30/2013 Common Stock 201,000 ( 26 ) 0 D Employee Stock Option (Right to Buy) $ 43.83 11/16/2006 D 182,000 ( 22 ) 09/30/2014 Common Stock 182,000 ( 26 ) 0 D Employee Stock Option (Right to Buy) $ 44.4 11/16/2006 D 180,000 ( 22 ) 09/30/2015 Common Stock 180,000 ( 26 ) 0 D Employee Stock Option (Right to Buy) $ 16.625 11/16/2006 D 84,000 ( 22 ) 09/30/2010 Common Stock 84,000 ( 26 ) 0 D Employee Stock Option (Right to Buy) $ 21.77 11/16/2006 D 168,000 ( 22 ) 09/30/2011 Common Stock 168,000 ( 26 ) 0 D Employee Stock Option (Right to Buy) $ 34.227 11/16/2006 D 105,000 ( 22 ) 09/30/2012 Common Stock 105,000 ( 26 ) 0 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 39.543 11/16/2006 D 90,000 ( 22 ) 09/30/2013 Common Stock 90,000 ( 26 ) 0 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 42.46 11/16/2006 D 79,000 ( 22 ) 10/26/2014 Common Stock 79,000 ( 26 ) 0 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 44.4 11/16/2006 D 80,000 ( 22 ) 09/30/2015 Common Stock 80,000 ( 26 ) 0 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 16.625 11/16/2006 D 33,750 ( 22 ) 09/30/2010 Common Stock 33,750 ( 26 ) 0 I FN25 ( 25 ) Employee Stock Option (Right to Buy) $ 21.77 11/16/2006 D 67,500 ( 22 ) 09/30/2011 Common Stock 67,500 ( 26 ) 0 I FN25 ( 25 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other BERNICK HOWARD B C/O ALBERTO-CULVER COMPANY 2525 ARMITAGE AVENUE MELROSE PARK, IL60160 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:

( 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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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