Press Releases
Peabody Energy
The plan was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934 and Peabody's policies regarding stock transactions. Rule 10b5-1 allows officers and directors to adopt plans to gradually diversify their investment portfolios by having a third party sell stock over an extended time period. The plans may only be entered into when the officers and directors are not in possession of material and non-public information. After implementation, the executive has no discretion over the shares and options sold under the plan.
The plan will continue through December 2005 and applies to up to 40 percent of options and shares beneficially owned by Engelhardt. Other Peabody executives may also adopt 10b5-1 plans at their discretion.
Peabody Energy
CONTACT: Vic Svec (314) 342-7768
SOURCE: Peabody Energy
CONTACT: Vic Svec of Peabody Energy, +1-314-342-7768
Web site: http://www.peabodyenergy.com/