Papa Johns 2014 Annual Report Download - page 35

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22
Our Board of Directors has authorized the repurchase of up to $1.325 billion of common stock under a
share repurchase program that began December 9, 1999, and expires December 31, 2015. Through
December 28, 2014, a total of 105.6 million shares with an aggregate cost of $1.2 billion and an average
price of $11.32 per share have been repurchased under this program. Subsequent to year-end, we acquired
an additional 224,000 shares at an aggregate cost of $13.6 million. Approximately $115.9 million
remained available under the Company’s share repurchase program as of February 17, 2015.
The following table summarizes our repurchase activity by fiscal period during the fourth quarter ended
December 28, 2014 (in thousands, except per share amounts):
Total Number Maximum Dollar
Total Average of Shares Purchased Value of Shares
Number Price as Part of Publicly that May Yet Be
of Shares Paid per Announced Plans Purchased Under the
Fiscal Period Purchased Share or Programs Plans or Programs
09/29/2014 - 10/26/2014 221 $40.92 105,329 $143,671
10/27/2014 - 11/23/2014 133 $46.85 105,462 $137,470
11/24/2014 - 12/28/2014 148 $53.93 105,610 $129,474
The Company utilizes a written trading plan under Rule 10b5-1 under the Securities Exchange Act of
1934, as amended, from time to time to facilitate the repurchase of shares of our common stock under this
share repurchase program. There can be no assurance that we will repurchase shares of our common stock
either through a Rule 10b5-1 trading plan or otherwise.