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This excerpt taken from the WEN 10-K filed Mar 1, 2007. Issuer Repurchases of Equity Securities (1)
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(1)
On May 11, 2006, we announced that our existing stock repurchase program, which was originally approved by our board of directors on January 18, 2001, had been extended until June 30, 2007 and that the
amount available under the program had been replenished to permit the purchase of up to $50.0 million of our Class A Common Stock and Class B Common Stock. No transactions were effected under our stock
repurchase program during the fourth fiscal quarter of 2006. (2) Reflects an aggregate of 2,467,917 and 8,462,504 shares of our Class A Common Stock and Class B Common Stock, respectively, tendered as payment of (i) the exercise price of employee stock options and (ii) tax
withholding obligations in respect of such exercises. The shares were valued at the respective closing prices of our Class A Common Stock and Class B Common Stock on the various dates of exercise of the employee
stock options. 31
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