World Fuel Services Corporation CEO Enters into Pre-Arranged Stock Trading Plan
December 05 2008 - 6:46PM
Business Wire
World Fuel Services Corporation (NYSE:INT) today announced that its
Chairman and Chief Executive Officer, Paul H. Stebbins, has entered
into a pre-arranged, non-discretionary stock trading plan. Sales
under this plan will cover approximately 20% of Mr. Stebbins�
holdings and are being made for diversification and tax planning
purposes. Transactions are expected to occur at predetermined times
from January 5, 2009 through December 31, 2009 and will be publicly
disclosed through Form 4 filings with the Securities and Exchange
Commission. The plan was adopted in accordance with guidelines
specified under Rule 10b5-1 of the Securities Exchange Act of 1934,
as amended, and World Fuel Services� policies regarding stock
transactions. Rule 10b5-1 permits individuals who are not in
possession of material, non-public information at the time the plan
is adopted to establish pre-arranged plans to buy or sell company
stock. These plans allow individuals to achieve prudent and gradual
asset diversification over time. About World Fuel Services
Corporation Headquartered in Miami, Florida, World Fuel Services
Corporation is a global leader in the marketing and sale of marine,
aviation and land fuel products and related services. World Fuel
Services provides fuel and related services at more than 2,500
airports, seaports and tanker truck loading terminals in over 190
countries around the world. With 44 offices (including satellite
offices) strategically located throughout the world, World Fuel
Services offers its customers a value-added outsource service for
the supply, quality control, logistical support and price risk
management of marine, aviation and land fuel. The Company�s global
team of market makers provides deep domain expertise in all aspects
of marine, aviation and land fuel management. World Fuel Services�
marine customers include international container and tanker fleets
and time-charter operators, as well as the United States and
foreign governments. Aviation customers include commercial
airlines, cargo carriers and corporate clientele, as well as the
United States and foreign governments. Land customers include
petroleum distributors, retail petroleum operators, and industrial,
commercial and government accounts. For more information, call
305-428-8000 or visit http://www.wfscorp.com.
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