Flowers Foods: Shiver and Avera Exercised Options

Thomasville / GA. (ff) Flowers Foods Inc., the second-largest producer and marketer of packaged bakery foods in the United States, announced that Allen L. Shiver, president and chief executive officer, and Stephen R. Avera, executive vice president, secretary, and general counsel, exercised stock options this week. Shiver exercised options for 82’125 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 Shiver in 2008 under the company´s Equity and Performance Incentive Plan and will expire in February 2015. Following the completion of this exercise, Shiver will hold approximately 529’000 shares of Flowers Foods common stock, well in excess of the company´s stock ownership guidelines. Avera exercised options for 78’862 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 Avera in 2008 under the company´s Equity and Performance Incentive Plan and will expire in February 2015. Following the completion of this exercise, Avera will hold approximately 352’000 shares of Flowers Foods common stock, well in excess of the company´s stock ownership guidelines.