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Chairman And Chief Executive Officer Of Greenbrier Plans Certain Stock Transactions

The following excerpt is from the company's SEC filing.

Lake Oswego, Oregon, October 30, 2015

The Greenbrier Companies, Inc. (NYSE: GBX) today announced that William A. Furman, Chairman and Chief Executive Officer intends to make certain sales of common stock of the Company in accordance with the Companys policies regarding stock transactions, which may include future sales pursuant to a pre-arranged stock trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

Mr. Furman is planning these stock transactions to assist him in honoring legacy charitable commitments and as part of his long-term strategy for estate planning and asset diversification. Mr. Furman may sell shares during the Companys open trading window and may, before the trading window is scheduled to close on November 13, 2015, adopt a Rule 10b5-1 trading plan to enable him to sell a portion of his Greenbrier common stock over time. Mr. Furmans stock transactions, including sales that may occur under a Rule 10b5-1 trading plan, will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission.

Mr. Furman currently holds 1,970,271 shares of common stock, which represents in total approximately 6.9% of Greenbriers outstanding capital stock, and has approximately 107,000 shares of equity incentive grants outstanding. Mr. Furman may sell up to approximately half of his aggregate share holdings in current stock transactions and under the Rule 10b5-1 trading plan over the next four months. If all of the above sales are completed, Mr. Furman will retain approximately one million shares of Greenbrier stock and outstanding grants.

I only intend to sell a portion of my Greenbrier holdings, and I am not selling now because I believe Greenbrier is at peak value. The reality is, there are very few times I am able to sell Greenbrier shares in the market. It just so happens, we are entering an open period now and I need to act. Greenbrier stock is a great investment and I would prefer to continue to hold shares at my current level. However, I am 71 years old and I have an obligation to my family to complete some long-delayed estate planning. Make no mistake: I am bullish on Greenbriers prospects. My health is good, I feel great, and I am focused like never before on taking Greenbrier to its next level of success. For Greenbrier, I truly believe the...