Foot Locker 2011 Annual Report Download - page 31

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PART II
Item 5. Market for the Company’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
Foot Locker, Inc. common stock (ticker symbol ‘‘FL’’) is listed on The New York Stock Exchange as
well as on the Börse Stuttgart stock exchange in Germany. In addition, the stock is traded on the
Cincinnati stock exchange. At January 28, 2012, the Company had 18,209 shareholders of record owning
151,619,112 common shares.
The following table provides, for the period indicated, the intra-day high and low sales prices for the
Company’s common stock:
2011 2010
High Low High Low
1
st
Quarter $22.03 $17.21 $16.76 $11.30
2
nd
Quarter 25.50 21.00 15.79 12.27
3
rd
Quarter 23.02 16.66 16.09 11.59
4
th
Quarter 26.82 20.82 20.08 15.63
During each of the quarters of 2011 the Company declared dividends of $0.165 per share. The Board of
Directors reviews the dividend policy and rate, taking into consideration the overall financial and strategic
outlook for our earnings, liquidity and cash flow projections, as well as competitive factors. On
February 14, 2012, the Board of Directors declared a quarterly dividend of $0.18 per share to be paid on
April 27, 2012. This dividend represents a 9 percent increase over the Company’s previous quarterly
per share amount.
The following table is a summary of our fourth quarter share repurchases:
Date Purchased
Total
Number of
Shares
Purchased
(1)
Average
Price Paid
per Share
(1)
Total Number of
Shares
Purchased as
Part of Publicly
Announced
Program
(2)
Approximate
Dollar Value of
Shares that may
yet be Purchased
Under the
Program
(2)
Oct. 30, 2011 − Nov. 26, 2011 — — — $103,463,547
Nov. 27, 2011 − Dec. 31, 2011 294,401 $23.84 289,100 $ 96,575,360
Jan. 1, 2012 − Jan. 28, 2012 — — — $ 96,575,360
294,401 $23.84 289,100 $ 96,575,360
(1) These columns also reflect shares purchased in connection with stock swaps. The calculation of the average price paid per share
includes all fees, commissions, and other costs associated with the repurchase of such shares.
(2) On February 16, 2010, the Company’s Board of Directors approved the extension of the Company’s 2007 common share
repurchase program for an additional three years in the amount of $250 million. Through January 28, 2012, 8.1 million shares
of common stock were purchased under this program, for an aggregate purchase price of $153 million.
On February 14, 2012, the Company’s Board of Directors approved a new 3-year, $400 million share
repurchase program extending through January 2015, replacing the previous $250 million program which
terminated on that date.
11