Pepsi 2015 Annual Report Download - page 50

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Table of Contents
33
In connection with our merger with The Quaker Oats Company (Quaker) in 2001, shares of our convertible
preferred stock were authorized and issued to an employee stock ownership plan (ESOP) fund established
by Quaker. The preferences, limitations and relative rights of the shares of convertible preferred stock are
set forth in Exhibit A to our amended and restated articles of incorporation. Quaker made the final award to
the ESOP in June 2001. The Company does not have any authorized, but unissued, “blank check preferred
stock.” PepsiCo repurchases shares of its convertible preferred stock from the ESOP in connection with share
redemptions by ESOP participants.
The following table summarizes our convertible preferred share repurchases during the fourth quarter of
2015.
Issuer Purchases of Convertible Preferred Stock
Period
Total
Number of
Shares
Repurchased
Average
Price Paid Per
Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs
Maximum
Number (or
Approximate
Dollar Value) of
Shares that May
Yet Be
Purchased
Under the Plans
or Programs
9/6/2015 - 10/3/2015 — $ — N/A N/A
10/4/2015 - 10/31/2015 2,300 $ 500.78 N/A N/A
11/1/2015 - 11/28/2015 — $ — N/A N/A
11/29/2015 - 12/26/2015 1,000 $ 498.93 N/A N/A
Total 3,300 $ 500.22 N/A N/A