MasterCard 2013 Annual Report Download - page 38

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34
On February 5, 2013, the Company's Board of Directors approved a share repurchase program authorizing the Company
to repurchase up to $2 billion of its Class A common stock (the "February 2013 Share Repurchase Program"). This
share repurchase program became effective at the completion of the Company's June 2012 Share Repurchase Program,
which occurred in March 2013.
On December 10, 2013, the Company's Board of Directors approved a new share repurchase program authorizing the
Company to repurchase up to $3.5 billion of its Class A common stock (the "December 2013 Share Repurchase
Program"). During January 2014, the Company exhausted its purchases under the February 2013 Share Repurchase
Program and began purchasing shares under the December 2013 Share Repurchase Program. As of January 24, 2014,
the cumulative repurchases by the Company under both the February 2013 Share Repurchase Program and December
2013 Share Repurchase Program in 2014 totaled approximately 4.2 million shares of Class A common stock for an
aggregate cost of approximately $351 million, at an average price of $83.00 per share of Class A common stock. As
of January 24, 2014, the Company had approximately $3.3 billion remaining under the December 2013 Share Repurchase
Program.
During the fourth quarter of 2013, MasterCard repurchased a total of approximately 9.8 million shares for $751 million
at an average price of $76.43 per share of Class A common stock. The Company’s repurchase activity during the fourth
quarter of 2013 consisted of open market share repurchases and is summarized in the following table:
Period
Total Number
of Shares
Purchased
Average Price
Paid per Share
(including
commission cost)
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
Dollar Value of
Shares that may yet
be Purchased under
the Plans or
Programs 1
October 1 – 31 . . . . . . . . . . . . . . — $ — — $ 912,309,796
November 1 – 30 . . . . . . . . . . . . 4,239,590 $ 74.26 4,239,590 $ 597,475,160
December 1 – 31. . . . . . . . . . . . . 5,585,670 $ 78.08 5,585,670 $ 3,661,319,309
Total . . . . . . . . . . . . . . . . . . . . . . 9,825,260 $ 76.43 9,825,260
1 Dollar value of shares that may yet be purchased under the February 2013 Share Repurchase Program and December 2013 Share
Repurchase Program is as of the end of the period.