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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock-Settled Stock Appreciation Right | $ 15.575 (3) | 03/14/2013 | M | 100,000 (3) | 03/15/2011 | 03/15/2013 | Common Stock | 100,000 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KASBAR MICHAEL J C/O WORLD FUEL SERVICES CORPORATION 9800 N.W. 41ST STREET, SUITE 400 MIAMI, FL 33178 |
X | CEO and President |
/s/ Michael J. Kasbar | 03/18/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Includes shares withheld by the issuer to pay the applicable taxes for the stock-settled stock appreciation rights ("SSARs") conversion reported in Table II of this Form 4. |
(2) | The number shown is the fair market price for the issuer's common stock at the time of conversion of the SSARs. |
(3) | These SSARs were previously reported as covering 50,000 shares at a conversion price of $31.15 per share, but were adjusted to reflect the stock split on December 7, 2009. |
(4) | The sales reported in this Form 4 were effected pursuant to a pre-arranged, non-discretionary trading plan adopted by the reporting person on December 14, 2012 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. |
(5) | The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $38.18 to $38.82, inclusive. The reporting person undertakes to provide the issuer and will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (5) and (6) to this Form 4. |
(6) | The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $38.72 to $39.27, inclusive. |
(7) | 13,827 shares of restricted stock held by the reporting person vested on March 15, 2013. The issuer withheld a sufficient number of shares to cover the reporting person's tax liability associated with these shares of restricted stock. |
(8) | The price shown is the closing price for the issuer's common stock on the NYSE on March 15, 2013. |
(9) | 26,818 restricted stock units held by the reporting person vested on March 15, 2013. The issuer withheld a sufficient number of shares to cover the reporting person's tax liability associated with these restricted stock units. |