Flowers Foods, Inc. announced that Allen L. Shiver, president and chief executive officer, and D. Keith Wheeler, president, Flowers Bakeries, exercised stock options this week.

Mr. Shiver exercised stock options for 152,100 shares and consequently increased his direct ownership from 650,186 shares of Flowers Foods common stock to 685,086 shares, which is well in excess of the company's stock ownership guidelines. Solely to cover the exercise price and related tax liability, Mr. Shiver sold shares of Flowers Foods common stock obtained through this option exercise in the open market. The options were granted to Mr. Shiver in 2010 under the company's Equity and Performance Incentive Plan and were set to expire in February 2017.

Mr. Wheeler exercised stock options for 11,475 shares and consequently increased his direct ownership from 12,483 shares of Flowers Foods common stock to 15,758 shares. Solely to cover the exercise price and related tax liability, Mr. Wheeler sold shares of Flowers Foods common stock obtained through this option exercise in the open market. The options were granted to Mr. Wheeler in 2010 under the company's Equity and Performance Incentive Plan and were set to expire in February 2017.