Briggs & Stratton Corporation Announces Adoption of Rule 10b5-1 Plan By Executive Officer
Briggs & Stratton Corporation (the 'Company') today announced that
Thomas
R. Savage, Senior Vice President - Administration, has entered into an
individual stock trading plan in accordance with Rule 10b5-1 of the Securities
Exchange Act of 1934.
Mr. Savage informed the Company that under his trading plan he intends to
sell 45,720 shares of Company common stock that will be issued as a result of
the exercise of stock options that would expire in August 2008. The purpose
of the plan is to provide Mr. Savage 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. Savage 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.
J. E. Brenn
Senior Vice President and
Chief Financial Officer
SOURCE Briggs & Stratton Corporation
