Tue 16 Dec 2008, 09:40 GMT

Kasbar to sell company stock in 2009


World Fuel Services President enters into stock trading plan.



World Fuel Services Corporation has announced that its President and Chief Operating Officer, Michael J. Kasbar, has entered into a pre-arranged, non-discretionary stock trading plan.

Sales under this plan will cover approximately 15 percent of Mr. Kasbar's holdings and are being made for diversification and tax planning purposes.

Transactions are expected to occur at predetermined times from January 15th 2009 through February 27th 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.

Last week World Fuel Services announced that its Chairman and Chief Executive Officer, Paul H. Stebbins, had also entered into a pre-arranged stock trading plan. Sales under the plan will cover approximately 20 percent of Mr. Stebbins' holdings.


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Role includes managing end-to-end transactions, identifying opportunities and optimizing margins.