Safeway 2011 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2011 Safeway 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 108

  • 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
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

SAFEWAY INC. AND SUBSIDIARIES
Issuer Purchases of Equity Securities
Fiscal period
Total number of
shares purchased
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 11, 2011 –
October 8, 2011 – – – $ 925.9
October 9, 2011 –
November 5, 2011 13,558,798(1) $ 18.93 13,550,000 669.1
November 6, 2011 –
December 3, 2011 14,850,000 19.50 14,850,000 1,379.3
December 4, 2011 –
December 31, 2011 14,941,665(1) 20.87 14,937,000 1,067.3
Total 43,350,463 $ 19.79 43,337,000 $ 1,067.3
(1) Includes shares withheld (8,798 shares in the period October 9, 2011 through November 5, 2011 and 4,665 shares in the period
December 4, 2011 through December 31, 2011), 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.
(2) Average price per share excludes commissions. Average price per share excluding the restricted shares referred to in footnote 1
above was $19.79.
(3) In November 2011, the Company’s Board of Directors increased the authorized level of the Company’s stock repurchase program
from $7.0 billion to $8.0 billion. From the initiation of the repurchase program in 1999 through the end of fiscal 2011, the
aggregate cost of shares of common stock repurchased by the Company, including commissions, was approximately $6.9 billion,
leaving an authorized amount for repurchases of approximately $1.1 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.
18