Wells Fargo 2013 Annual Report Download - page 246

Note 19: Common Stock and Stock Plans (continued)
stock. With each principal and interest payment, a portion of the
ESOP preferred stock is released and converted to common
stock shares, which are allocated to the 401(k) Plan participants
and invested in the Wells Fargo ESOP Fund within the 401(k)
Plan.
The balance of common stock and unreleased preferred stock
held in the Wells Fargo ESOP fund, the fair value of unreleased
ESOP preferred stock and the dividends on allocated shares of
common stock and unreleased ESOP Preferred Stock paid to the
401(k) Plan were:
Shares outstanding
December 31,
(in millions, except shares) 2013 2012 2011
Allocated shares (common) 137,354,139 136,821,035 131,046,406
Unreleased shares (preferred) 1,105,664 910,934 858,759
Fair value of unreleased ESOP preferred shares $ 1,105 911 859
Dividends paid
Year ended December 31,
2013 2012 2011
Allocated shares (common) $ 159 117 60
Unreleased shares (preferred) 132 115 95
Deferred Compensation Plan for Independent
Sales Agents
WF Deferred Compensation Holdings, Inc. is a wholly-owned
subsidiary of the Parent formed solely to sponsor a deferred
compensation plan for independent sales agents who provide
investment, financial and other qualifying services for or with
respect to participating affiliates.
The Nonqualified Deferred Compensation Plan for
Independent Contractors, which became effective January 1,
2002, allows participants to defer all or part of their eligible
compensation payable to them by a participating affiliate. The
Parent has fully and unconditionally guaranteed the deferred
compensation obligations of WF Deferred Compensation
Holdings, Inc. under the plan.
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