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Stock Market & Financial Investment News

News Breaks
November 27, 2013
16:24 EDTANFAbercrombie & Fitch CEO in 10b5-1 trading plan to sell up to 200K shares
Abercrombie & Fitch disclosed that on September 25, Michael S. Jeffries, Chairman of the Board and CEO of Abercrombie & Fitch entered into a Rule 10b5-1 trading plan that was subsequently terminated prior to the sale of any shares of the Company’s Class A Common Stock, $0.01 par value covered thereby. On November 26, Mr. Jeffries entered into a Rule 10b5-1 trading plan, pursuant to which Mr. Jeffries currently intends to sell up to an aggregate of 200,000 shares of Common Stock that will be acquired upon the exercise of outstanding stock options and other shares that Mr. Jeffries beneficially owns. Assuming the conditions of the limit order in the 2014 Plan are met, some or all of such 200,000 shares may be sold during the period beginning on January 1, 2014 and ending on May 30, 2014, at which time the 2014 Plan will terminate. Mr. Jeffries will report transactions effected under the 2014 Plan through Rule 144 and Form 4 filings made with the Securities and Exchange Commission, as appropriate.
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