Foot Locker 2014 Annual Report Download - page 34

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PART II
Item 5. Market for the Company’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities
Foot Locker, Inc. common stock (ticker symbol ‘‘FL’’) is listed on The New York Stock Exchange as well as on the
Börse Stuttgart stock exchange in Germany. As of January 31, 2015, the Company had 15,353 shareholders of
record owning 140,864,188 common shares.
The following table provides, for the period indicated, the intra-day high and low sales prices for the Company’s
common stock:
2014 2013
High Low High Low
1
st
Quarter $48.71 $36.65 $35.64 $31.30
2
nd
Quarter 52.07 46.20 37.70 32.61
3
rd
Quarter 58.40 47.90 37.85 31.91
4
th
Quarter 59.19 51.12 41.73 34.09
During each of the quarters of 2014, the Company declared a dividend of $0.22 per share. The Board of
Directors reviews the dividend policy and rate, taking into consideration the overall financial and strategic
outlook for our earnings, liquidity, and cash flow. On February 17, 2015, the Board of Directors declared a
quarterly dividend of $0.25 per share to be paid on May 1, 2015. This dividend represents a 14 percent increase
over the Company’s previous quarterly per share amount.
The following table is a summary of our fourth quarter share repurchases:
Date Purchased
Total
Number of
Shares
Purchased
(1)
Average
Price Paid
per Share
(1)
Total Number of
Shares
Purchased as
Part of Publicly
Announced
Program
(2)
Approximate
Dollar Value of
Shares that may
yet be Purchased
Under the
Program
(2)
Nov. 2, 2014 − Nov. 29, 2014 1,059,790
(3)
$55.92 1,059,790 $136,841,263
Nov. 30, 2014 − Jan. 3, 2015 862,663 $56.06 861,771 $ 88,527,414
Jan. 4, 2015 − Jan. 31, 2015 419,584
(3)
$55.67 419,584 $ 65,167,625
2,342,037 $55.93 2,341,145
(1) These columns also reflect shares purchased in connection with stock swaps. The calculation of the average price paid per share
includes all fees, commissions, and other costs associated with the repurchase of such shares.
(2) Through January 31, 2015, 12.3 million shares of common stock were purchased under the previous program, for an aggregate cost
of $535 million.
(3) On November 26, 2014, the Company paid $75 million under an Accelerated Share Repurchase (‘‘ASR’’) agreement with a financial
institution and received an initial delivery of 1,059,790 shares. The transaction was completed by the end of the fourth quarter with the
Company receiving 281,355 additional shares to settle the agreement. The price paid per share was calculated with reference to the
average stock price of the Company’s common stock over the term of the ASR agreement.
On February 17, 2015, the Board of Directors approved a new 3-year, $1 billion share repurchase program
extending through January 2018, replacing the Company’s previous $600 million program.
11