Common Stock

On June 28, 2012, the company effected a 1-for-5 reverse stock split of Hillshire Brands common stock. As a result, every five shares of Sara Lee Corporation common stock were converted into one share of Hillshire Brands common stock. Any reference to the number of shares outstanding or any per share amounts has been adjusted to reflect the impact of this reverse stock split.

Changes in outstanding shares of common stock for the past three years were:



Shares in thousands	2014		2013	2012
Beginning balances	123,248		120,644	117,420
Stock issuances
Stock option and benefit plans	1,379		2,436	1,104
Restricted stock plans	37		155	2,119
Reacquired shares	(933	)	—	—
Other	24		13	1
Ending balances	123,755		123,248	120,644

Common stock dividends and dividend-per-share amounts declared on outstanding shares of common stock were:



In millions except per share data	2014	2013	2012
Common stock dividends declared	$86	$61	$137
Dividends per share amount declared	$0.70	$0.50	$1.15

During 2014, the company repurchased 0.9 million shares at a cost of $30 million under an existing share repurchase program which authorized the company to repurchase $1.2 billion of common stock.

As of June 28, 2014, the remaining amount authorized for repurchase is $1.2 billion of common stock under an existing share repurchase program, plus 2.7 million shares of common stock that remain authorized for repurchase under the company's prior share repurchase program.