Mondelez 2013 Annual Report Download - page 23

Table of Contents
Issuer Purchases of Equity Securities
The following table shows the stock repurchase activity for each of the three months in the quarter ended December 31, 2013:
19
Total
Number
of Shares
Purchased
(1)
Average
Price Paid
per Share
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)
October 1 – 31, 2013
5,849,421
$
31.88
5,821,500
$
4,961,235,545
November 1 – 30, 2013
4,820,743
33.46
4,820,173
4,799,968,392
December 1 – 31, 2013
44,753,926
34.40
44,750,000
4,960,568,392
For the Quarter Ended
December 31, 2013
55,424,090
34.05
55,391,673
(1) The total number of shares purchased includes: (i) shares purchased pursuant to the repurchase program described in footnote 2 below; and (ii) shares tendered to us by employees who used shares to exercise options and to pay the related taxes for grants of restricted and deferred stock
that vested, totaling 27,921 shares, 570 shares and 3,926 shares for the fiscal months of October, November and December 2013, respectively.
(2) During 2013, our Board of Directors authorized the repurchase of $7.7 billion of our Common Stock. On March 12, 2013, our Board of Directors
authorized the repurchase of up to the lesser of 40 million shares or $1.2 billion of our Common Stock through March 12, 2016. On August 6, 2013,
our Audit Committee, with authorization delegated from our Board of Directors, increased the repurchase program capacity to $6.0 billion of
Common Stock repurchases and extended the expiration date to December 31, 2016. On December 3, 2013, our Board of Directors approved an
increase of $1.7 billion to the program. Repurchases under the program are determined by management and are wholly discretionary.
During 2013, we repurchased 82.8 million shares of Common Stock at an average cost of $33.09 per share, or an aggregate cost of $2.7 billion.
The share repurchases include $1.5 billion of shares repurchased through an accelerated share repurchase program initiated on December 3,
2013. All share repurchases were funded through available cash, including cash from the resolution of the Starbucks arbitration (see Notes 12,
Commitments and Contingencies , and 2, Divestitures and Acquisition, for discussion of the Resolution of Starbucks Arbitration ), and commercial
paper issuances. The repurchased shares are held in treasury. As of December 31, 2013, we have $5.0 billion in remaining share repurchase
capacity.