Mohawk Industries ( MHK) said Aladdin Partners LP has entered into a Rule 10b5-1 trading plan to sell shares of the company. The Aladdin Partnership was established in 1996 to manage investments for the Lorberbaum family and is controlled by Jeffrey S. Lorberbaum, who is also the chairman of Mohawk Industries. According to the trading plan Aladdin Partners LP can sell up to 1.7 million shares over the next 18 months, which represents less than 15% of the Lorberbaum Family Holdings of Mohawk. The Lorberbaums will continue to maintain about 17% of the ownership of the company after this sale. Aladdin Partners LP has advised the company that this trading plan is a measure to achieve its overall diversification strategy and tax planning. Mohawk is a supplier of flooring for both residential and commercial applications.