Western Union 2009 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2009 Western Union annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 153

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153

PA RT I I
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock trades on the New York Stock Exchange under the symbol “WU.” There were 4,643
stockholders of record as of February 12, 2010. This figure does not include an estimate of the indeterminate
number of beneficial holders whose shares may be held of record by brokerage firms and clearing agencies.
The following table presents the high and low prices of the common stock on the New York Stock Exchange
as well as dividends declared per share during the calendar quarter indicated.
High Low
Dividends
Declared
per Share
Common Stock
Market Price
2009
First Quarter .................................................. $15.99 $10.05 $ —
Second Quarter ................................................ 18.37 12.08 —
Third Quarter ................................................. 20.64 15.11 —
Fourth Quarter ................................................ 20.09 17.81 0.06
2008
First Quarter .................................................. $24.31 $18.56 $ —
Second Quarter ................................................ 26.15 19.86 —
Third Quarter ................................................. 28.62 22.90 —
Fourth Quarter ................................................ 24.64 10.48 0.04
The following table sets forth stock repurchases for each of the three months of the quarter ended
December 31, 2009:
Total Number of
Shares Purchased*
Average Price
Paid per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs**
Remaining Dollar
Value of Shares that
May Yet Be Purchased
Under the Plans or
Programs (in millions)
October 1 – 31 ........... 3,209,047 $18.95 3,207,700 $ 653.9
November 1 – 30 ......... 5,487,699 $19.13 5,487,699 $ 548.9
December 1 – 31.......... 499,204 $18.42 499,204 $1,000.0
Total .................. 9,195,950 $19.03 9,194,603
* These amounts represent both shares authorized by the Board of Directors for repurchase under a
publicly announced plan, as described below, as well as shares withheld from employees to cover tax
withholding obligations on restricted stock awards and units that have vested.
** At December 31, 2009, common stock repurchases of up to $1.0 billion have been authorized by the
Board of Directors through December 31, 2012. Management has and may continue to establish
prearranged written plans pursuant to Rule 10b5-1. A Rule 10b5-1 plan permits us to repurchase shares
at times when we may otherwise be unable to do so, provided the plan is adopted when we are not aware
of material non-public information.
Refer to Note 16 of our Consolidated Financial Statements for information related to our equity
compensation plans.
33