World Fuel Services 2015 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 2015 World Fuel Services 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 97

  • 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

20
Issuer Purchases of Equity Securities
The following table presents information with respect to repurchases of common stock made by us during the quarterly
period ended December 31, 2015 (in thousands, except average price per share):
Total Number Approximate Dollar
of Shares Purchased Value of Shares that
Total Number as Part of Publicly May Yet Be Purchased
of Shares Average Price Announced Plans or Under the Plans or
Period Purchased (1) Paid Per Share Programs Programs (2)
10/1/15-10/31/15 — $ — — $ 59,524
11/1/15-11/30/15 7 45.63 — 59,524
12/1/15-12/31/15 — — — 59,524
Total 7 $ 45.63 — $ 59,524
(1) These amounts include shares purchased as part of our publicly announced programs and shares owned and tendered
by employees to satisfy the required withholding taxes related to share-based payment awards, which are not deducted
from shares available to be purchased under publicly announced programs.
(2) In June 2015, our Board of Directors renewed its existing common stock repurchase program by replacing the remainder
of the existing program and authorizing the purchase of up to $100.0 million in common stock (the “Repurchase
Program”). The Repurchase Program does not require a minimum number of shares of common stock to be purchased,
has no expiration date and may be suspended or discontinued at any time. As of December 31, 2015, $59.5 million
remains available for purchase under the Repurchase Program. The timing and amount of shares of common stock to
be repurchased under the program will depend on market conditions, share price, securities law and other legal
requirements and factors.
For information on repurchases of common stock for the first three quarters of 2015, see the corresponding Quarterly Report
on Form 10-Q.