Tractor Supply (TSCO) Chairman, Wright, Enters 10b5-1 Trading Plan
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Tractor Supply Company (Nasdaq: TSCO) today announced that Jim Wright, Chairman, President and CEO, has established a plan to exercise stock options and sell shares of Tractor Supply Company's common stock in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. Under the plan, Mr. Wright may sell under pre-arranged terms up to approximately 64,000 shares owned by him (approximately 7% of his total holdings) in open market transactions through July 25, 2010.
At the time of the plan's adoption, Mr. Wright beneficially owned 712,864 shares of Tractor Supply Company's common stock, representing approximately 2.0% of the Company's issued and outstanding stock. The plan represents part of Mr. Wright's ongoing program of tax planning and asset diversification.
Tractor Supply Company operates retail farm and ranch stores in the United States.
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