World Fuel Services 2013 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 2013 World Fuel Services annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

Issuer Purchases of Equity Securities
The following table presents information with respect to repurchases of common stock made by us during the quarterly period ended
December 31, 2013 (in thousands, except average price per share):
Total Number Approximate Dollar
of Shares Purchased Value of Shares that
Total Number as Part of Publicly May Yet Be Purchased
of Shares Average Price Announced Plans or Under the Plans or
Period Purchased (1) Paid Per Share Programs Programs (2)
10/1/13-10/31/13 — $ — — $30,016
11/1/13-11/30/13 390 38.49 389 15,028
12/1/13-12/31/13 — — — 15,028
Total 390 $38.49 389 $15,028
(1) These amounts include shares purchased as part of our publicly announced programs and shares owned and tendered by
employees to satisfy the required withholding taxes related to share-based payment awards, which are not deducted from shares
available to be purchased under publicly announced programs.
(2) In October 2008, our Board of Directors authorized a $50.0 million common stock repurchase program (the ‘‘Repurchase
Program’’). The program does not require a minimum number of shares of common stock to be purchased and has no expiration
date but may be suspended or discontinued at any time. As of December 31, 2013, approximately $15.0 million remains available
for repurchases under this program. The timing and amount of shares of common stock to be repurchased under the program will
depend on market conditions, share price, securities law and other legal requirements and factors.
For information on repurchases of common stock for the first three quarters of 2013, see the corresponding 10-Q Report for each such
quarter.
19