Dean Foods Announces Chief Executive Officer Exercised Options With Intent To Hold Shares
Dean Foods Company (NYSE: DF) today announced that Gregg Engles, Chairman and Chief Executive Officer, has exercised stock options for approximately 950,000 shares in a net exercise transaction with the company. He intends to hold all of the shares of Dean Foods common stock obtained through the option exercise net of those shares necessary to cover the exercise price and related tax liability. The 950,000 options were granted to Mr. Engles in 2003 under a shareholder approved stock awards plan and expire in January of 2013. Following the completion of this exercise, Mr. Engles will hold approximately 2,829,061 million shares of Dean Foods common stock.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.