Western Union 2011 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2011 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 169

  • 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
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169

PART II
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
4,763 stockholders of record as of February 17, 2012. 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.
Common Stock
Market Price Dividends
Declared
per ShareHigh Low
2011
First Quarter ....................................................... $ 22.03 $ 18.39 $ 0.07
Second Quarter .................................................... 21.88 19.22 0.08
Third Quarter ...................................................... 20.54 15.00 0.08
Fourth Quarter ..................................................... 18.48 14.55 0.08
2010
First Quarter ....................................................... $ 20.26 $ 15.68 $ 0.06
Second Quarter .................................................... 19.57 14.83 0.06
Third Quarter ...................................................... 17.86 14.65 0.06
Fourth Quarter ..................................................... 18.97 17.33 0.07
The following table sets forth stock repurchases for each of the three months of the quarter ended
December 31, 2011:
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 .............. 3,555 $ 17.99 — $ 615.5
November 1 – 30 ............ — — — $ 615.5
December 1 – 31 ............ — — — $ 615.5
Total ...................... 3,555 $ 17.99 —
* 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.
** On February 1, 2011, the Board of Directors authorized $1 billion of common stock repurchases through
December 31, 2012, of which $615.5 million remains available as of December 31, 2011. Management has
historically 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.
42