Tuesday, August 19, 2008
Dean Foods CEO exercises stock options
Dallas Business Journal
Milk and dairy products distributor Dean Foods Co. said Tuesday its chairman and CEO Gregg Engles will exercise stock options on approximately 1.55 million shares. Once the transaction is complete, Engles will control approximately 5.6 million shares of Dean Foods stock and vested options, the company said. Dean Foods added that Engles “is paying the exercise price through the delivery of currently owned shares.”
Engles’ holdings will represent approximately 3.6 percent of diluted shares outstanding.
Dallas-based Dean Foods (NYSE: DF) says the change will not impact the company's number of diluted shares outstanding or earnings for fiscal year 2008.
Engles was granted the 1.55 million options in a shareholder-approved stock awards plan.
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