Safeway 2009 Annual Report Download - page 36

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SAFEWAY INC. AND SUBSIDIARIES
Issuer Purchases of Equity Securities
Fiscal period
Total number of
shares purchased
Average price paid
per share (3)
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) (4)
September 13, 2009 –
October 10, 2009 – – – $ 719.7
October 11, 2009 –
November 7, 2009 10,410,000 (1) $ 22.63 10,400,000 484.0
November 8, 2009 –
December 5, 2009 9,001,941 (2) 23.02 9,000,000 276.6
December 6, 2009 –
January 2, 2010 – – – 1,276.6
Total 19,411,941 $ 22.81 19,400,000 $ 1,276.6
(1) Includes 10,000 shares of restricted stock that were repurchased at par in conjunction with an employee’s termination during the
period.
(2) Includes 1,941 shares withheld, at the election of a certain holder 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
stockholder.
(3) Average price per share excludes commissions. Average price per share excluding the restricted shares referred to in footnote 1 and
the withheld restricted shares referred to in footnote 2 above was $22.82.
(4) 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, to $5.0 billion in 2008 and then to $6.0 billion
in December 2009. From the initiation of the repurchase program in 1999 through the end of fiscal 2009, the aggregate cost of
shares of common stock repurchased by the Company, including commissions, was approximately $4.7 billion, leaving an
authorized amount for repurchases of approximately $1.3 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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