Flowers Foods President And CEO Exercises Options
Increases ownership to 612,000 shares
THOMASVILLE, Ga., Sept. 21, 2015 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today announced that Allen L. Shiver, president and chief executive officer, has exercised stock options for 117,168 shares in a transaction with the company and consequently increased his direct ownership from 577,359 shares of Flowers Foods common stock to 612,027 shares, which is well in excess of the company's stock ownership guidelines. Solely to cover the exercise price and related tax liability, Mr. Shiver sold shares of Flowers Foods common stock obtained through this option exercise in the open market. The options were granted to Mr. Shiver in 2009 under the company's Equity and Performance Incentive Plan and were set to expire in February 2016.
About Flowers Foods
Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE: FLO) is one of the largest producers of fresh packaged bakery foods in the United States, with 2014 sales of $3.75 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top brands are Nature's Own, Wonder, and Tastykake. Learn more at www.flowersfoods.com.
SOURCE Flowers Foods, Inc.
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