Kraft 2004 Annual Report Download - page 15

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities.
The Company’s share repurchase program activity for each of the three months ended
December 31, 2004 was as follows:
Total Number of Approximate Dollar
Shares Purchased Value of Shares that
Total Number of Average as Part of Publicly May Yet Be Purchased
Shares Price Paid Announced Plans or Under the Plans or
Period Purchased per Share Programs(1)(2) Programs
October 1—October 31, 2004 ..... 1,080,000 $32.81 18,036,760 $ 127,065,722
November 1—November 30, 2004 . . 2,660,000 $34.45 20,696,760 $ 35,424,688
December 1—December 31, 2004 . . 2,430,500 $35.14 23,127,260 $1,450,013,506
For the Quarter Ended
December 31, 2004 ........... 6,170,500 $34.44
(1) In December 2003, Kraft’s Board of Directors approved a share repurchase program of up to
$700 million of its Class A common stock. On December 14, 2004, Kraft completed a multi-year
$700 million Class A common stock repurchase program, acquiring 21,718,847 Class A shares at
an average cost of $32.23 per share. From December 1, 2004 through December 14, 2004, Kraft
acquired 1,022,087 shares at a cost of $35 million, or $34.66 per share, under this $700 million
program. On December 14, 2004, Kraft commenced repurchasing shares under a new $1.5 billion
Class A common stock repurchase authority approved by its Board of Directors in December 2004.
Through December 31, 2004, repurchases under the $1.5 billion program were 1,408,413 shares at
a cost of $50 million, or $35.49 per share.
(2) Aggregate number of shares repurchased under the share repurchase programs as of the end of
the period presented.
The other information called for by this Item is hereby incorporated by reference to the paragraph
captioned ‘‘Quarterly Financial Data (Unaudited)’’ under Item 8 below.
The principal stock exchange on which the Company’s Class A common stock is listed is the New
York Stock Exchange. At January 31, 2005, there were approximately 2,700 holders of record of the
Company’s Class A common stock.
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