Pepsi 2013 Annual Report Download - page 47

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29
In connection with our merger with The Quaker Oats Company in 2001, shares of our convertible preferred
stock were authorized and issued to an employee stock ownership plan (ESOP) fund established by Quaker.
The preferences, limitations and relative rights of the shares of convertible preferred stock are set forth in
Exhibit A to our amended and restated articles of incorporation. Quaker made the final award to the ESOP
in June 2001. The Company does not have any authorized, but unissued, “blank check preferred stock.”
PepsiCo repurchases shares of its convertible preferred stock from the ESOP in connection with share
redemptions by ESOP participants.
The following table summarizes our convertible preferred share repurchases during the fourth quarter.
Issuer Purchases of Convertible Preferred Stock
Period
Total
Number of
Shares
Repurchased
Average
Price Paid Per
Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs
Maximum
Number (or
Approximate
Dollar Value) of
Shares that May
Yet Be
Purchased
Under the Plans
or Programs
9/8/13 – 10/5/13 1,100 $ 396.25 N/A N/A
10/6/13 – 11/2/13 1,000 $ 413.62 N/A N/A
11/3/13 – 11/30/13 1,000 $ 428.71 N/A N/A
12/1/13 – 12/28/13 2,400 $ 405.14 N/A N/A
Total 5,500 $ 409.19 N/A N/A