Safeway 2008 Annual Report Download - page 38

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SAFEWAY INC. AND SUBSIDIARIES
Issuer Purchases of Equity Securities
Fiscal period
Total number of
shares
purchased (1)
Average price
paid per share
Total number of shares
purchased as part of
publicly announced
plans or programs
Approximate dollar value of
shares that may yet be purchased
under the plans or programs
(in millions) (2)
September 7, 2008 –
October 4, 2008 – – – $ 1,161.5
October 5, 2008 –
November 1, 2008 – – – 1,161.5
November 2, 2008 –
November 29, 2008 – – – 1,161.5
November 30, 2008 –
January 3, 2009 1,892 $ 20.93 – 1,161.5
Total 1,892 $ 20.93 – $ 1,161.5
(1) Shares withheld, at the election of certain holders of restricted stock, by the Company from the vested portion of restricted stock
awards with a market value approximating the amount of the withholding taxes due from such restricted stockholders.
(2) In 1999, the Company’s Board of Directors initiated a $2.5 billion stock repurchase program. The Board increased the authorized
level of the stock repurchase program to $3.5 billion in 2002, to $4.0 billion in 2006 and then to $5.0 billion in May 2008. From the
initiation of the repurchase program in 1999 through the end of fiscal 2008, the aggregate cost of shares of common stock
repurchased by the Company, including commissions, was approximately $3.8 billion, leaving an authorized amount for repurchases
of approximately $1.2 billion. The timing and volume of future repurchases will depend on several factors, including market
conditions. The repurchase program has no expiration date but may be terminated by the Board of Directors.
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