Sysco 2007 Annual Report Download - page 37

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PART II
ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
Repurchases of Equity Securities
The principal market for SYSCO’s common stock (SYY) is the New York Stock Exchange. The table below sets forth the
high and low sales prices per share for our common stock as reported on the New York Stock Exchange Composite Tape
and the cash dividends declared for the periods indicated.
High Low
Dividends
Declared
Per Share
Common Stock Prices
Fiscal 2006:
First Quarter __________________________________________________________ $37.30 $30.96 $0.15
Second Quarter ________________________________________________________ 33.59 29.98 0.17
Third Quarter __________________________________________________________ 32.72 29.11 0.17
Fourth Quarter ________________________________________________________ 32.15 29.11 0.17
Fiscal 2007:
First Quarter __________________________________________________________ $34.15 $26.50 $0.17
Second Quarter ________________________________________________________ 37.04 32.35 0.19
Third Quarter __________________________________________________________ 36.74 31.34 0.19
Fourth Quarter ________________________________________________________ 34.95 31.64 0.19
The number of record owners of SYSCO’s common stock as of August 15, 2007 was 13,469.
We made the following share repurchases during the fourth quarter of fiscal 2007:
ISSUER PURCHASES OF EQUITY SECURITIES
Period
(a) Total Number
of Shares
Purchased
(1)
(b) Average Price
Paid Per Share
(c) Total Number
of Shares
Purchased
as Part of
Publicly Announced
Plans or Programs
(d) Maximum Number
of Shares That
May Yet be
Purchased Under
the Plans or Programs
Month #1
April 1 — April 28 _________________ 10,280 $34.13 — 9,800,200
Month #2
April 29 — May 26 _________________ 1,990,617 33.23 1,984,300 7,815,900
Month #3
May 27 — June 30 _________________ 4,766,070 33.04 4,708,200 3,107,700
Total ________________________________ 6,766,967 $33.10 6,692,500 3,107,700
(1)
The total number of shares purchased includes 10,280, 6,317 and 57,870 shares tendered by individuals in connection with stock option
exercises in Month #1, Month #2 and Month #3, respectively.
On November 10, 2005, we announced that the Board of Directors approved the repurchase of 20,000,000 shares.
Pursuant to these repurchase programs, shares may be acquired in the open market or in privately negotiated transactions
at the company’s discretion, subject to market conditions and other factors.
In July 2004, the Board of Directors authorized us to enter into agreements from time to time to extend our ongoing
repurchase program to include repurchases during company announced “blackout periods” of such securities in
compliance with Rule 10b5-1 promulgated under the Exchange Act.
SYSCO Corporation ][ page 11