MILWAUKEE, Sept. 10, 2015 /PRNewswire/ -- Briggs &
Stratton Corporation (NYSE: BGG)
Briggs & Stratton Corporation (the "Company") today
announced that Todd J. Teske,
Chairman, President & Chief Executive Officer, and William H. Reitman, Senior Vice President &
President – Global Service, have entered into individual stock
trading plans in accordance with Rule 10b5-1 of the Securities
Exchange Act of 1934.
Messrs. Teske and Reitman informed the Company that under their
trading plans they intend to sell 196,852 shares and 22,420 shares,
respectively, of Company common stock that would be issued as a
result of the exercise of stock options that will expire in
August 2016. The purpose of each plan
is to provide the executive officer with the ability to exercise
his expiring options and sell the underlying Company common stock
in an orderly manner and avoid concerns about the timing of the
transactions.
The amount that each executive may realize from the exercise of
any options will be the number of options exercised multiplied by
the amount by which the net selling price(s) of the Company's stock
on the date(s) the stock options are exercised exceeds the exercise
price of the stock options.
Other Company executives may from time to time adopt Rule 10b5-1
plans.
Kathryn M. Buono
Vice President, General Counsel
and Secretary
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SOURCE Briggs & Stratton Corporation