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SYSCO CORPORATION-Form10-K16
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.
Common Stock Prices Dividends
Declared
PerShareHigh Low
Fiscal 2013:
First Quarter $ 31.41 $ 28.23 $ 0.27
Second Quarter 32.40 29.75 0.28
Third Quarter 35.62 30.55 0.28
Fourth Quarter 35.40 33.07 0.28
Fiscal 2014:
First Quarter $ 36.05 $ 31.37 $ 0.28
Second Quarter 43.40 31.13 0.29
Third Quarter 37.08 34.07 0.29
Fourth Quarter 37.92 35.31 0.29
The number of record owners of Sysco’s common stock as of August 13, 2014 was 11,575.
We made the following share repurchases during the fourth quarter of  scal 2014:
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 30 – April 26 - $ - - 11,655,197
Month #2
April 27 – May 24 2,357 37.19 - 11,655,197
Month #3
May 25 – June 28 - - - 11,655,197
TOTAL 2,357 $ 37.19 - 11,655,197
(1) The shares purchased in Month #2 represented shares tendered by individuals in connection with stock option exercises.
In August 2013, our Board of Directors approved the repurchase of up to 20,000,000 shares for an aggregate purchase price not to exceed $720 million.
The authorization expires on August 23, 2015. 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.
The Board of Directors has 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 Securities Exchange Act of
1934 (Exchange Act).