By Josh Beckerman
Procter & Gamble Co. Chairman and Chief Executive A.G.
Lafley has entered a pre-arranged stock-trading plan that will
allow him to sell shares resulting from the exercise of options
granted in 2006.
The plan covers options for 430,441 shares. Sales may begin in
January and the plan will terminate when the options expire in
February 2016.
Procter & Gamble shares closed Friday at $88.60, up 13
cents.
Chief Executive A.G. Lafley replaced CEO Bob McDonald last year
after activist investor William Ackman pushed for change at the
company. Mr. Lafley previously had run P&G from 2000 to
2009.
Earlier this month, P&G announced a deal to sell battery
maker Duracell to Warren Buffett's Berkshire Hathaway Inc. In an
unusual structure, Berkshire will pay P&G with about $4.7
billion of P&G's own stock, while P&G will inject about
$1.8 billion in cash into Duracell.
Write to Josh Beckerman at josh.beckerman@wsj.com
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