THOMASVILLE, GA. — George E. Deese, chairman of the board of directors of Flowers Foods, Inc., has exercised a stock option for approximately 739,000 shares in a transaction with the company.
In a Form 4 filed with the Securities and Exchange Commission on June 3, Flowers said Mr. Deese purchased 739,462 shares of Flowers stock on June 1 at a price of $10.87 per share. On June 1, he sold 208,000 shares at $18.74 per share, an additional 253,031 shares at a price of $18.67 per share on June 2, and 99,700 shares at a price of $18.67 per share on June 3.