MILWAUKEE, April 28 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation (M&I) today announced that three of its executives have exercised stock options which were expiring this year. The stock options were granted to the executives in 1998 under the Corporation's 1997 Executive Stock Option and Restricted Stock Plan. Dennis J. Kuester, chairman of the board, exercised stock options for 100,215 shares; John L. Roberts, senior vice president, exercised stock options for 16,034 shares; and Thomas R. Ellis, senior vice president, exercised stock options for 10,690 shares. Each executive paid the exercise price of the option by surrendering previously owned shares of M&I common stock resulting in a net increase in the number of M&I shares held by each executive.
After the exercise, Kuester will hold 455,452 M&I shares and options to acquire 1,759,525 M&I shares; Roberts will hold 155,097 M&I shares and options to acquire 463,664 M&I shares; and Ellis will hold 23,587 M&I shares and options to acquire 337,391 M&I shares.
Marshall & Ilsley Corporation is a diversified financial services corporation headquartered in Milwaukee, Wis., with $63.4 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 193 offices throughout the state. In addition, M&I has 51 locations throughout Arizona; 32 offices in Indianapolis and nearby communities; 31 offices along Florida's west coast and in central Florida; 15 offices in Kansas City and nearby communities; 24 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; and one office in Las Vegas, Nev. M&I's Southwest Bank subsidiary has 17 offices in the greater St. Louis area. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet (http://www.mibank.com/ or http://www.micorp.com/). M&I's customer-based approach, internal growth, and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry.
