SMITHFIELD FOODS INC 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS Period (a) Total Number of Shares Purchased (b) Average Price Paid per Share (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1) April 29, 2013 to May 28, 2013 — n/a n/a $ 24,490,059 May 29, 2013 to June 28, 2013 10,838 (2) $ 33.02 n/a $ 24,490,059 June 29, 2013 to July 28, 2013 — n/a n/a $ 24,490,059 Total 10,838 $ 33.02 n/a $ 24,490,059 —————————————— (1) On June 16, 2011, we announced that our board of directors had approved a share repurchase program authorizing the Company to buy up to $150,000,000 of its common stock. In September 2011, our board of directors approved a $100,000,000 increase to the authorized amount. In June 2012 and July 2012, our board of directors approved an increase in the authorized amount of $250,000,000 and $100,000,000, respectively. This share repurchase program expires on June 13, 2014. The Merger Agreement discussed in "Part 1 - Item 2. Management's Discussion And Analysis of Financial Condition and Results of Operations - Definitive Merger Agreement" generally prohibits the Company fro m repurchasing any of its shares prior to the completion of the Merger. (2) Purchases of 10,838 shares were made in open market transactions by Wells Fargo, as trustee, and these 10,838 shares are held in a rabbi trust for the benefit of participants in the Smithfield Foods, Inc. 2008 Incentive Compensation Plan director fee deferral program. The 2008 Incentive Compensation Plan was approved by our shareholders on August 27, 2008. ITEM 3. DEFAULTS UPON SENIOR SECURITIES Not applicable. ITEM 4. MINE SAFETY DISCLOSURES Not applicable.