Safeway 2007 Annual Report Download - page 39

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SAFEWAY INC. AND SUBSIDIARIES
Issuer Purchases of Equity Securities
The following table contains information for shares repurchased during the fourth quarter of 2007.
Fiscal period
Total number of
shares
purchased (1)
Average price
paid per share (2)
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) (3)
September 9, 2007 –
October 6, 2007 – – – $ 614.7
October 7, 2007 –
November 3, 2007 1,610,156 $ 31.61 1,610,156 563.8
November 4, 2007 –
December 1, 2007 1,349,400 31.63 1,349,400 521.1
December 2, 2007 –
December 29, 2007 59,490 34.44 – 521.1
Total 3,019,046 $ 31.67 2,959,556 $ 521.1
(1) Includes 59,490 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) Average price per share excludes commissions. Average price per share, excluding the withheld restricted shares referred to in
footnote 1 above, was $31.62.
(3) 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 and then to $4.0 billion in 2006. From the initiation of the repurchase
program in 1999 through the end of fiscal 2007, the aggregate cost of shares of common stock repurchased by the Company,
including commissions, was approximately $3.5 billion, leaving an authorized amount for repurchases of $521.1 million. 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.
17