This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Briggs & Stratton Corporation Announces Adoption Of Rule 10b5-1 Plans By Executive Officers

MILWAUKEE, March 3, 2014 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG)

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

Briggs & Stratton Corporation (the "Company") today announced that Todd J. Teske, Chairman, President and Chief Executive Officer, and Joseph C. Wright, Senior Vice President and President - Engines Group, have entered into individual stock trading plans in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. 

Messrs. Teske and Wright informed the Company that under their trading plans they intend to sell 30,000 shares and 9,400 shares, respectively, 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 plans is to provide these executive officers with the ability to exercise their 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 the executives 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

SOURCE Briggs & Stratton Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs