Sysco 2009 Annual Report Download - page 29

As of June 27, 2009, our fleet of approximately 8,900 delivery vehicles consisted of tractor and trailer combinations, vans and panel trucks,
most of which are either wholly or partially refrigerated for the transportation of frozen or perishable foods. We own approximately 89% of these
vehicles and lease the remainder.
Item 3. Legal Proceedings
We are engaged in various legal proceedings which have arisen in the normal course of business but have not been fully adjudicated. These proceedings,
in our opinion, will not have a material adverse effect upon our consolidated financial position or results of operations when ultimately concluded.
Item 4. Submission of Matters to a Vote of Security Holders
None.
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 2008:
First Quarter. .......................................................... $ 35.67 $ 30.05 $ 0.19
Second Quarter ........................................................ 35.90 30.93 0.22
Third Quarter .......................................................... 31.65 26.45 0.22
Fourth Quarter ......................................................... 31.84 27.65 0.22
Fiscal 2009:
First Quarter. .......................................................... $ 35.00 $ 26.81 $ 0.22
Second Quarter ........................................................ 33.40 20.74 0.24
Third Quarter .......................................................... 24.81 19.39 0.24
Fourth Quarter ......................................................... 24.84 21.26 0.24
The number of record owners of Sysco’s common stock as of August 12, 2009 was 12,402.
We made the following share repurchases during the fourth quarter of fiscal 2009:
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
March 29 — April 25 .............. — $ — — 9,386,600
Month #2
April 26 — May 23 ............... 3,079 22.82 — 9,386,600
Month #3
May 24 — June 27 ............... 3,116 23.76 — 9,386,600
Total . .......................... 6,195 $ 23.29 — 9,386,600
(1) All shares purchased were shares tendered by individuals in connection with stock option exercises. There were no shares purchased as part of
our publicly announced program during the fourth quarter of fiscal 2009.
On September 22, 2008, we announced that the Board of Directors approved the repurchase of 20,000,000 shares. Pursuant to the repurchase
program, 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.
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