SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CLEMENTI MICHAEL

(Last)

(First)

(Middle)

9800 N.W. 41ST STREET

SUITE 400

(Street)

MIAMI

33178

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WORLD FUEL SERVICES CORP [ INT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Pres: World Fuel Services Inc.

3. Date of Earliest Transaction (Month/Day/Year)
09/07/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/07/2005		M		33,332	A	$14.365	73,697	D
Common Stock	09/07/2005		M		21,140	A	$10.35	94,837	D
Common Stock	09/07/2005		M		12,192	A	$12.5	107,029	D
Common Stock	09/07/2005		M		17,396	A	$9.2	124,425	D
Common Stock	09/07/2005		M		32,604	A	$9.2	157,029	D
Common Stock	09/07/2005		M		14,180	A	$8.375	171,209	D
Common Stock	09/07/2005		M		35,820	A	$8.375	207,029	D
Common Stock	09/07/2005		S		3,400⁽¹⁾	D	$35.725	203,629	D
Common Stock	09/07/2005		S		15,000⁽¹⁾	D	$34.347	188,629	D
Common Stock	09/07/2005		S		15,300⁽¹⁾	D	$34.639	173,329	D
Common Stock	09/07/2005		S		10,000⁽¹⁾	D	$34.825	163,329	D
Common Stock	09/07/2005		S		2,000⁽¹⁾	D	$35.042	161,329	D
Common Stock	09/07/2005		S		4,300⁽¹⁾	D	$35.265	157,029	D
Common Stock	09/07/2005		S		11,100⁽¹⁾	D	$35.282	145,929	D
Common Stock	09/07/2005		S		2,400⁽¹⁾	D	$35.626	143,529	D
Common Stock	09/07/2005		S		6,500⁽¹⁾	D	$35.751	137,029	D
Common Stock	09/07/2005		S		5,000⁽¹⁾	D	$35.722	132,029	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$14.365	09/07/2005		M			33,332⁽²⁾	07/29/2004⁽³⁾	07/29/2008	Common Stock	33,332	$0⁽⁴⁾	16,668	D
Stock Option	$10.35	09/07/2005		M			21,140⁽⁵⁾	04/30/2004⁽⁶⁾	04/30/2008	Common Stock	21,140	$0⁽⁴⁾	9,660	D
Stock Option	$12.5	09/07/2005		M			12,192⁽⁷⁾	04/30/2004⁽⁸⁾	04/30/2008	Common Stock	12,192	$0⁽⁴⁾	7,008	D
Stock Option	$9.2	09/07/2005		M			17,396⁽⁹⁾	12/19/2003	12/19/2006	Common Stock	17,396	$0⁽⁴⁾	0	D
Stock Option	$9.2	09/07/2005		M			32,604⁽¹⁰⁾	12/19/2003⁽¹¹⁾	12/19/2006	Common Stock	32,604	$0⁽⁴⁾	0	D
Stock Option	$8.375	09/07/2005		M			14,180⁽¹²⁾	07/28/2000	07/28/2008	Common Stock	14,180	$0⁽⁴⁾	0	D
Stock Option	$8.375	09/07/2005		M			35,820⁽¹³⁾	07/28/1999⁽¹⁴⁾	07/28/2008	Common Stock	35,820	$0⁽⁴⁾	0	D

Explanation of Responses:

1. The reporting person sold these shares in order to satisfy his tax liability and obligation to pay the exercise prices associated with the option exercises reported on Table II of this Form.

2. This option was previously reported as covering 25,000 shares at an exercise price of $28.73 per share, but was adjusted to reflect the stock split on February 1, 2005.

3. These options vest in three installments over a three-year period as follows: 16,666 options vested on July 29, 2004; 16,666 options vested on July 29, 2005; and 16,668 options will vest on July 29, 2006.

4. These options were granted to the reporting person, without payment therefor, as compensation for serving as an executive officer of the issuer.

5. This option was previously reported as covering 15,400 shares at an exercise price of $20.70 per share, but was adjusted to reflect the stock split on February 1, 2005.

6. These options vest in three installments over a three-year period as follows: 11,480 options vested on April 30, 2004; 9,660 options vested on April 30, 2005; and 9,660 options will vest on April 30, 2006.

7. This option was previously reported as covering 9,600 shares at an exercise price of $25 per share, but was adjusted to reflect the stock split on February 1, 2005.

8. These options vest in three installments over a three-year period as follows: 5,186 options vested on April 30, 2004; 7,006 options vested on April 30, 2005; and 7,008 options will vest on April 30, 2006.

9. This option was previously reported as covering 8,698 shares at an exercise price of $18.40 per share, but was adjusted to reflect the stock split on February 1, 2005.

10. This option was previously reported as covering 16,302 shares at an exercise price of $18.40 per share, but was adjusted to reflect the stock split on February 1, 2005.

11. These options vested in three equal installments over a three-year period, commencing December 19, 2002.

12. This option was previously reported as covering 7,090 shares at an exercise price of $16.75 per share, but was adjusted to reflect the stock split on February 1, 2005.

13. This option was previously reported as covering 17,910 shares at an exercise price of $16.75 per share, but was adjusted to reflect the stock split on February 1, 2005.

14. These options vested in three equal installments over a three-year period, commencing July 28, 1999.

	Michael Clementi	09/09/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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