World Fuel Services 2011 Annual Report Download - page 43

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Recent Sales of Unregistered Securities
On March 1, 2011, we issued 691,422 shares of unregistered common stock with an estimated fair
value of $27.5 million to the sellers of NCS. We relied on Section 4(2) of the Securities Act of 1933, as
amended, for an exemption from registration of these shares.
On December 31, 2010, we issued 301,416 shares of unregistered common stock with an estimated fair
value of $11.0 million to the sellers of The Hiller Group Incorporated in connection with our acquisition of
all of the outstanding stock of The Hiller Group Incorporated, Air Petro Corp. and all of the outstanding
membership interests of HG Equipment, LLC and AHT Services, LLC (collectively, ‘‘Hiller’’). We relied on
Section 4(2) of the Securities Act of 1933, as amended, for an exemption from registration of these
shares.
On October 1, 2010, we issued 388,199 shares of unregistered common stock with an estimated fair
value of $10.0 million to the sellers of Western Petroleum Company (‘‘Western’’) in connection with our
acquisition of all of the outstanding stock of Western. We relied on Section 4(2) of the Securities Act of
1933, as amended, for an exemption from registration of these shares.
Repurchase of Common Stock
The following table presents information with respect to repurchases of common stock made by us
during the quarterly period ended December 31, 2011 (in thousands, except average price per share
data):
Total Number Total Cost of Remaining Authorized
of Shares Purchased Shares Purchased Stock Repurchases
Total Number as Part of Publicly as Part of Publicly under Publicly
of Shares Average Price Announced Plans or Announced Plans Announced Plans
Period Purchased (1) Per Share Paid Programs (2) or Programs (2) or Programs (2)
10/1/11-10/31/11 — $ — — $— $50,000
11/1/11-11/30/11 2 38.79 — — 50,000
12/1/11-12/31/11 — — — — 50,000
Total 2 $38.79 — $— $50,000
(1) These shares relate to the purchase of stock tendered by employees to exercise share-based
payment awards and satisfy the required withholding taxes related to share-based payment awards.
(2) In October 2008, our Board of Directors authorized a $50.0 million stock repurchase program. The
program does not require a minimum number of shares to be purchased and has no expiration date
but may be suspended or discontinued at any time. As of December 31, 2011, no shares of our
common stock had been repurchased under this program. The timing and amount of shares to be
repurchased under the program will depend on market conditions, share price, securities law and
other legal requirements and other factors.
For information on repurchases of common stock for the first three quarters of 2011, see the
corresponding 10-Q Report for each such quarter.
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