Thomasville / GA. (ff) Flowers Foods Inc., the second-largest producer and marketer of fresh packaged bakery foods in the United States, announced that George E. Deese, executive chairman, has exercised stock options for approximately 529’000 shares in a transaction with the company. He intends to hold for the foreseeable future the shares of Flowers Foods common stock obtained through this option exercise, net of those shares necessary to cover the exercise price and related tax liability. The options were granted to Deese in 2008 under the company´s Equity and Performance Incentive Plan and will expire in February 2015. Following the completion of this exercise, Deese will hold approximately 2,2 million shares of Flowers Foods common stock, well in excess of the company´s stock ownership guidelines.
Info: According to a SEC Form 4 , Deese has sold 415’000 shares – 232’000 shares for 4’468’760,80 USD (19,2619 USD per share) and 183’000 shares for 3’504’010,80 USD (19,1476 USD per share) – a total amount of 7’972’771,60 USD. According to the SEC document, the executive chairman still owns directly 2’241’242 shares, valued at 19,1476 USD each or overall 42’914’405,32 USD.
