Abercrombie & Fitch 2011 Annual Report Download - page 35

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vesting of employee restricted stock unit and restricted share awards and upon the exercise of employee
stock appreciation rights. All other shares of A&F Common Stock purchased during the quarterly
period were purchased pursuant to A&F’s publically announced stock repurchase authorization
described in footnote 3 below.
(2) The average price paid per share includes broker commissions, as applicable.
(3) The reported shares were purchased pursuant to A&F’s publicly announced stock repurchase
authorization. On November 21, 2007, A&F announced the November 20, 2007 authorization by
A&F’s Board of Directors to repurchase 10.0 million shares of A&F’s Common Stock.
(4) The number shown represents, as of the end of each period, the maximum number of shares of
Common Stock that may yet be purchased under A&F’s publicly announced stock repurchase
authorization described in footnote 3 above. The shares may be purchased, from time-to-time,
depending on market conditions.
During Fiscal 2011, A&F repurchased approximately 3.5 million shares of A&F’s Common Stock in
the open market with a cost of approximately $196.6 million. During Fiscal 2010, A&F repurchased
approximately 1.6 million shares of A&F’s Common Stock in the open market with a cost of
approximately $76.2 million. A&F did not repurchase any shares of A&F’s Common Stock in the open
market during Fiscal 2009. Both the Fiscal 2011 and the Fiscal 2010 repurchases were pursuant to
authorizations of A&F’s Board of Directors.
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