Abercrombie & Fitch 2013 Annual Report Download - page 23

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES.
A&F’s Class A Common Stock (the “Common Stock”) is traded on the New York Stock Exchange under the symbol
“ANF.” The table below sets forth the high and low sales prices of A&F’s Common Stock on the New York Stock Exchange for
Fiscal 2012 and Fiscal 2011:
Sales Price
High Low
Fiscal 2012
4th Quarter $ 51.07 $ 30.58
3rd Quarter $ 39.36 $ 29.06
2nd Quarter $ 53.29 $ 29.78
1st Quarter $ 53.53 $ 40.40
Fiscal 2011
4th Quarter $ 76.33 $ 43.56
3rd Quarter $ 77.49 $ 55.70
2nd Quarter $ 78.25 $ 62.46
1st Quarter $ 72.61 $ 48.40
A quarterly dividend, of $0.175 per share, was paid in each of March, June, September and December in Fiscal 2012 and
Fiscal 2011. A&F increased the quarterly dividend to $0.20 per share beginning with the first quarter of Fiscal 2013. A&F
expects to continue to pay a quarterly dividend, subject to the Board of Directors’ review of the Company’s cash position and
results of operations.
As of March 22, 2013, there were approximately 4,230 stockholders of record. However, when including investors
holding shares in broker accounts under street name, active associates of the Company who participate in A&F’s stock purchase
plan, and associates of the Company who own shares through A&F-sponsored retirement plans, A&F estimates that there are
approximately 38,700 stockholders.
The following table provides information regarding the purchase of shares of the Common Stock of A&F made by or on
behalf of A&F or any “affiliated purchaser” as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as
amended, during each fiscal month of the quarterly period ended February 2, 2013:
Period (Fiscal Month)
Total Number
of Shares
Purchased(1)
Average
Price Paid
per Share(2)
Total Number of
Shares
Purchased as
Part of Publicly
Announced Plans
or
Programs(3)
Maximum Number of
Shares that May Yet
be Purchased under
the Plans or
Programs(4)
October 28, 2012 through November 24, 2012 3,355 $ 36.89 — 19,893,742
November 25, 2012 through December 29, 2012 1,181,438 $ 45.89 1,175,023 18,718,719
December 30, 2012 through February 2, 2013 48,710 $ 45.01 47,671 18,671,048
Total 1,233,503 $ 45.83 1,222,694 18,671,048
(1) An aggregate of 10,809 of the shares of A&F’s Common Stock purchased during the fourteen-week period ended February 2, 2013, represented shares
which were withheld for tax payments due upon the vesting of employee restricted stock unit and restricted share awards and upon the exercise of
employee stock appreciation rights.
(2) The average price paid per share includes broker commissions, as applicable.
(3) The reported shares were repurchased pursuant to A&F’s publicly announced stock repurchase authorizations. On May 15, 2012, A&F’s Board of
Directors authorized the repurchase of an aggregate of 10.0 million shares of A&F’s Common Stock. On August 14, 2012, A&F's Board of Directors
authorized the repurchase of an additional 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 2012, A&F repurchased approximately 7.5 million shares of A&F’s Common Stock in the open market
with a cost of approximately $321.7 million. During Fiscal 2011, A&F repurchased approximately 3.5 million shares of A&F’s
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