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Wed 10 Jun 2009, 08:13 GMT

Stebbins enters into stock trading plan


World Fuel Services CEO to sell up to 20 percent of company stock in 2009.

World Fuel Services Corporation has announced that its chairman and chief executive officer, Paul H. Stebbins, has entered into a pre-arranged, non-discretionary stock trading plan.

Under the newly adopted plan, beginning on July 13, 2009 and ending on December 31, 2009, Mr. Stebbins may sell a maximum of 150,000 shares, which represents approximately 20% of his holdings.

The sales are being made for diversification and tax planning purposes 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.

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