Briggs & Stratton Corporation Announces Amendment of Rule 10b5-1 Plan By Executive Officer - Siouxland News - KMEG 14 and FOX 44

Briggs & Stratton Corporation Announces Amendment of Rule 10b5-1 Plan By Executive Officer

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Briggs & Stratton Corporation

MILWAUKEE, Feb. 12, 2014 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE:BGG)

(Logo: http://photos.prnewswire.com/prnh/20120529/CG15020LOGO)

Briggs & Stratton Corporation (the "Company") today announced that William H. Reitman, Senior Vice President & Managing Director - Europe, has amended his individual stock trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. 

Mr. Reitman informed the Company that he amended his trading plan to provide for the intended sale of an additional 4,924 shares of Company common stock that would be issued as a result of the exercise of stock options that will expire in August 2014.  The purpose of the plan is to provide Mr. Reitman 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 Mr. Reitman may realize from the exercise of any options will be the number of options exercised multiplied by the amount by which the net selling prices of the Company's stock on the dates the stock options are exercised exceed the exercise prices of the stock options.

Other Company executives may from time to time adopt Rule 10b5-1 plans.

                                                                        David J. Rodgers
                                                                        Senior Vice President and
                                                                        Chief Financial Officer

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow

Siouxland News
100 Gold Circle
Dakota Dunes, SD 57049

Main Phone: 712-277-3554
Main Fax: 712-255-5250
Email: webmaster@siouxlandnews.com

Powered by WorldNow
All content © Copyright 2000 - 2009 WorldNow and Sinclair Communications, LLC. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.