Snapple 2014 Annual Report Download - page 24

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21
COMMON STOCK REPURCHASES
During the years ended December 31, 2011, 2010, and 2009 our Board authorized the repurchase of an aggregate amount of
up to $3 billion of our outstanding common stock through the following actions:
• $200 million of share repurchases were authorized on November 20, 2009;
• $800 million of share repurchases were authorized on February 24, 2010;
• $1 billion of share repurchases were authorized on July 12, 2010; and
• $1 billion of share repurchases were authorized on November 17, 2011.
We repurchased approximately 6.8 million shares of our common stock, valued at approximately $400 million, in the year
ended December 31, 2014. Our share repurchase activity, on a monthly basis, for the quarter ended December 31, 2014 was as
follows (in thousands, except per share data):
Period
Number of
Shares
Purchased Average Price
Paid per Share
Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs (1)
Maximum
Dollar Value
of Shares that
May Yet be
Purchased
Under
Publicly
Announced
Plans or
Programs (2)
October 1, 2014 – October 31, 2014 129 $ 64.35 129 $ 287,803
November 1, 2014 – November 30, 2014 574 70.63 574 247,246
December 1, 2014 – December 31, 2014 1,048 71.95 1,048 171,873
For the quarter ended December 31, 2014 1,751 70.96 1,751
____________________________
(1) As previously disclosed, the Board has authorized us to purchase an aggregate amount of up to $3,000 million of our outstanding
common stock. This column discloses the number of shares purchased pursuant to these programs during the indicated time
periods. As of December 31, 2014, there was a remaining balance of $172 million authorized for repurchase that had not been
utilized.
(2) In February 2015, the Board authorized an additional $1,000 million of share repurchases, which is not reflected in the table
above.