Procter & Gamble CEO Lafley enters 10b5-1 trading plan
The Procter & Gamble Company has been advised that A.G. Lafley, Chairman of the Board, President and CEO, has entered into a stock trading plan designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Under Rule 10b5-1, directors and officers may adopt a prearranged plan or contract for the sale of Company securities under specified conditions and at specified times. Lafley's plan is designed to manage the exercise of options for 430,441 shares of common stock that were granted to him in February 2006, during his prior tenure as CEO, and will expire on February 28, 2016. The plan allows for the sale of the shares acquired upon the exercise of these options, subject to certain limit orders. Sales pursuant to this plan may begin on January 28, 2015. The plan, which was established during the company's current open trading window, will terminate on February 28, 2016, when the options expire, unless terminated sooner in accordance with its terms. Lafley and the company will report transactions effected under the plan as required, through Form 4 filings made with the SEC.
News 
Market Data 
Discover 
