TD CEO to Exercise Options, Hold Shares and Donate Portion to Charity

TORONTO, Sept. 21 /PRNewswire-FirstCall/ - TD Bank Financial Group (TDBFG) announced today that Ed Clark, President and CEO, will enact an automatic plan to exercise up to 613,500 options for TD common shares. Mr. Clark intends to donate 35,000 of the shares he acquires to charity and to hold all of the remaining shares, net only of the number of shares needed to generate cash sufficient to cover exercise costs and taxes.

The options were granted to Mr. Clark in December 2002 as part of his performance-based compensation. These options will expire in December 2012.

The plan covers. . .more http://bit.ly/9dX3v8